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020 _a9780511979194
_qelectronic book
039 9 _a201606081105
_basmany
_c201605251205
_dbaiti
_c201605251205
_dbaiti
_y10-16-2015
_zhafiz
_wUPO_10044530-hafizupload16102015.mrc
_x93
040 _aUkCbUP
_cUkCbUP
_erda
090 _aebook
090 _aebookHG2040.5.U5
_bG574 2014
100 1 _aGjerstad, Steven D.,
_eauthor.
245 1 0 _aRethinking Housing Bubbles :
_bThe Role of Household and Bank Balance Sheets in Modeling Economic Cycles /
_cSteven D. Gjerstad, Vernon L. Smith.
264 1 _aCambridge :
_bCambridge University Press,
_c2014.
300 _a1 online resource (304 pages) :
_bdigital, PDF file(s).
336 _atext
_2rdacontent
337 _acomputer
_2rdamedia
338 _aonline resource
_2rdacarrier
500 _aTitle from publisher's bibliographic system (viewed on 08 Oct 2015).
520 _aIn this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith analyze the role of housing and its associated mortgage financing as a key element of economic cycles. The authors combine data from both laboratory and real markets to provide insight into the bubble propensity of real-world economic actors and use novel historical analysis on the Great Recession, the Great Depression, and all of the post-World War II recessions to establish the critical roles of housing, private-capital investment, and household and private institutional balance sheets in economic cycles. They develop a model that incorporates household balance sheets and bank balance sheets and offers insights based on this analysis concerning policy going forward, effectively changing the way economists think about economic cycles.
650 0 _aGlobal Financial Crisis, 2008-2009
_965478
700 1 _aSmith, Vernon L.,
_eauthor.
773 0 _tCambridge Books Online
776 0 8 _iPrint version:
_z9780521198097
856 4 0 _uhttp://www.ezplib.ukm.edu.my/login?url=http://dx.doi.org/10.1017/CBO9780511979194
907 _a.b16220341
_b2021-06-25
_c2019-11-12
942 _c01
_n0
_kebook
914 _avtls003594701
998 _ae
_b2015-03-10
_cm
_dz
_feng
_genk
_y0
_z.b16220341
999 _c599737
_d599737