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

• Autore: Goodhart C. A. E (Charles Albert Eric)
• Pubblicazione: Oxford ; ; New York, : Oxford University Press, 2007
• Descrizione fisica: 1 online resource (247 p.)
• Disciplina: 339.3/1
• Soggetto topico: Housing - Prices; Prices; Monetary policy; Economic indicators
• Altri autori: HofmannBoris
• Note generali: Description based upon print version of record.
• 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: 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 distinct
• Titolo autorizzato: House prices and the macroeconomy
• ISBN: 1-383-03438-9; 1-280-75417-6; 0-19-151403-9; 1-4294-7023-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910777038503321
• Lo trovi qui: Univ. Federico II