The role of the housing market in the recent recession raised questions about similar episodes in economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? How have previous policy interventions either damaged or improved long-run market performance and stability? This volume provides context for understanding recent events by examining how historical housing and mortgage markets worked - and how they sometimes failed. The editors survey the research on housing crises, comparing that of the 1930s to that of the 2000s in order to identify what contributed to each crisis.
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The role of the housing market in the recent recession raised questions about similar episodes in economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? This volume provides context for understanding events by examining how historical housing and mortgage markets worked - and sometimes failed.
Les mer

Produktdetaljer

ISBN
9780226073842
Publisert
2014-07-28
Utgiver
The University of Chicago Press
Vekt
680 gr
Høyde
23 mm
Bredde
16 mm
Dybde
3 mm
Aldersnivå
UP, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
496

Biografisk notat

Eugene N. White is professor of economics at Rutgers University and a research associate of the NBER. Kenneth Snowden is associate professor of economic history at the University of North Carolina at Greensboro and a research associate of the NBER. Price Fishback is the Frank and Clara Kramer Professor of Economics at the University of Arizona and a research associate of the NBER.