1.

Record Nr.

UNINA9910826678103321

Autore

Goodhart C. A. E (Charles Albert Eric)

Titolo

House prices and the macroeconomy : implications for banking and price stability / / Charles Goodhart and Boris Hofmann

Pubbl/distr/stampa

Oxford ; ; New York, : Oxford University Press, 2007

ISBN

1-383-03438-9

1-280-75417-6

0-19-151403-9

1-4294-7023-2

Edizione

[1st ed.]

Descrizione fisica

1 online resource (247 p.)

Collana

Oxford scholarship online

Altri autori (Persone)

HofmannBoris

Disciplina

339.3/1

Soggetti

Housing - Prices

Prices

Monetary policy

Economic indicators

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Previously issued in print: 2006.

Nota di bibliografia

Includes bibliographical references (p. 211-224) and index.

Nota di contenuto

House prices and the macroeconomy : overview -- House prices as predictors of consumer price inflation? -- Financial conditions indices -- The Phillips curve, the IS curve, and monetary transmission -- Goods and asset price deflations -- House prices and bank credit -- Bank regulation and macroeconomic fluctuations -- Default, credit growth and asset prices -- What role for house prices in the measurement of inflation? -- A second Central Bank instrument? -- House price fluctuations and public policy.

Sommario/riassunto

House price bubbles, and their aftermath, have become a focus of macro-economic policy concern in most developed countries. Structured into three parts, this book elucidates the two-way relationship between house-price fluctuations and economic fundamentals.