03002nam 2200637 a 450 991082667810332120230721031231.01-383-03438-91-280-75417-60-19-151403-91-4294-7023-2(CKB)1000000000412977(EBL)415413(OCoLC)476242244(SSID)ssj0000173303(PQKBManifestationID)11196790(PQKBTitleCode)TC0000173303(PQKBWorkID)10164462(PQKB)10544010(Au-PeEL)EBL415413(CaPaEBR)ebr10271733(CaONFJC)MIL75417(MiAaPQ)EBC415413(EXLCZ)99100000000041297720060818d2007 uy 0engur|n|---|||||txtccrHouse prices and the macroeconomy[electronic resource] implications for banking and price stability /Charles Goodhart and Boris HofmannOxford ;New York Oxford University Press20071 online resource (247 p.)Description based upon print version of record.0-19-920459-4 Includes bibliographical references (p. 211-224) and index.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.The macroeconomic implications of asset price flucuations have received increasing attention in academic and policy circles recently, in large part due to the recent boom-bust bubbles in the equity and now housing markets. This book aims to investigate the role of asset prices for various aspects of the macroeconomy. - ;House price bubbles, and their aftermath, have become a focus of macro-economic policy concern in most developed countries. This book elucidates the two-way relationship between house-price fluctuations and economic fundamentals. Housing has many features which make it distinctHousingPricesPricesMonetary policyEconomic indicatorsHousingPrices.Prices.Monetary policy.Economic indicators.339.3/1Goodhart C. A. E(Charles Albert Eric)116084Hofmann Boris1607299MiAaPQMiAaPQMiAaPQBOOK9910826678103321House prices and the macroeconomy3981553UNINA