000			03051nam a22004338i 4500
001			CR9780511979194
005			20250930143536.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			101014s2014||||enk o ||1 0|eng|d
020			_a9780511979194 (ebook)
020			_z9780521198097 (hardback)
020			_z9781107415522 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
043			_an-us---
050	0	0	_aHG2040.5.U5 _bG574 2014
082	0	0	_a338.5/42011 _223
100	1		_aGjerstad, Steven D., _d1959- _eauthor.
245	1	0	_aRethinking housing bubbles : _bthe role of household and bank balance sheets in modeling economic cycles / _cSteven D. Gjerstad, Chapman University, California, Vernon L. Smith, Chapman University, California.
264		1	_aCambridge : _bCambridge University Press, _c2014.
300			_a1 online resource (xiii, 293 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0		_aEconomic crises, economic policy and economic analysis -- Goods and service markets vs. asset markets -- Asset performance : housing and the great recession -- The great depression -- The post-war recessions -- What may have triggered or sustained the housing bubble, 1997--2006? -- The bubble bursts : subprime mortgages, derivatives and banking collapse -- Blindsided experts -- What might be done? -- Learning from foreign economic crises: consequences, responses and policies -- Summarizing: what have we learned?.
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	_aSubprime mortgage loans _xCorrupt practices _zUnited States.
650		0	_aHousing _xPrices _zUnited States.
650		0	_aBanks and banking _xCorrupt practices _zUnited States.
650		0	_aGlobal Financial Crisis, 2008-2009. _965478
700	1		_aSmith, Vernon L., _eauthor.
776	0	8	_iPrint version: _z9780521198097
856	4	0	_uhttps://doi.org/10.1017/CBO9780511979194
907			_a.b16844889 _b2020-12-22 _c2020-12-22
942			_n0
998			_a1 _b2020-12-22 _cm _da _feng _genk _y0 _z.b16844889
999			_c651831 _d651831