Housing, financial markets and the wider economy:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Chichester u.a.
Wiley
1994
|
| Series: | Series in financial economics and quantitative analysis
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | IX, 228 S. graph. Darst. |
| ISBN: | 0471952109 |
Staff View
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Record in the Search Index
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| adam_text | Contents Series preface x
Preface x«
Acknowledgements xv
1 Introduction: the economics of residential property 1
1.1 Introduction
1.2 The importance of understanding the housing market:
an example from recent history 4
1.3 The special features of housing 7
1.4 A plan of the book 1
1.5 Who is this book for? 3
References 3
2 Theoretical building blocks for the analysis of housing markets 15
2.1 Introduction 15
2.2 The user cost of housing 16
2.3 The supply and demand for housing 22
2.4 The price of houses and the services of housing 31
2.5 Conclusions 32
References 33
Appendix: The derivation of equation (2.8) 33
3 Housing and the wider economy in the short and long run 37
3.1 Introduction 37
3.2 UK housing in the twentieth century 39
3.3 Housing bequests and the inter generational transfer of wealth 46
3.4 Measuring equity withdrawal 49
3.5 Population and household formation in the next 50 years 54
3.6 House prices and the cost of housing services 56
3.7 Conclusions 4
References *
viii CONTENTS
Notes 66
Appendix: Measuring the user cost of housing 67
4 House price shocks and consumption with forward looking
households 69
4.1 Introduction 69
4.2 The impact of changes in house prices on consumption:
a simple framework 71
4.3 Empirical evidence 84
4.4 Conclusions 92
References 93
5 Housing wealth, bequests and financial liberalization
in the major economies; the theory of economies in transition 95
5.1 Introduction 95
5.2 Housing markets in the major economies 96
5.3 A model of credit liberalization 100
5.4 Equity withdrawal and consumer spending in the UK and US 111
5.5 Estimating the impact of credit liberalization in Europe
and Japan 115
5.6 Conclusions 120
References 121
Appendix 123
6 Assessing the impact of financial liberalization and
income shocks on consumption; evidence from aggregate data 129
6.1 Introduction 129
6.2 Developing a model 131
6.3 Implications and problems of the model 138
6.4 Econometric issues and results 140
6.5 Conclusions 147
References 148
Notes 149
Appendix 149
7 Consumption, human capital and housing wealth;
evidence from household data 153
7.1 Introduction 153
7.2 Theory 156
7.3 Estimating the impact of incomes and housing gains
on consumption 159
7.4 Data and results 165
7.5 Conclusions 174
CONTENTS ix
References 174
Appendix 176
8 Financial liberalization and the design of mortgage contracts 179
8.1 Introduction 179
8.2 Housing finance within Europe 180
8.3 The establishment of the single European market 186
8.4 The structure of financial contracts 189
8.5 Mortgage contracts within the single market 203
8.6 Conclusions 205
References 205
9 Policy issues 209
9.1 Introduction 209
9.2 Tax issues 209
9.3 The regulation of mortgage lending 212
9.4 The size of the rented sector 218
9.5 Macroeconomic policy 219
9.6 Conclusions 221
References 222
Index 223
|
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| indexdate | 2024-07-09T17:44:01Z |
| institution | BVB |
| isbn | 0471952109 |
| language | English |
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| physical | IX, 228 S. graph. Darst. |
| publishDate | 1994 |
| publishDateSearch | 1994 |
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| publisher | Wiley |
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| series2 | Series in financial economics and quantitative analysis |
| spelling | Miles, David 1959- Verfasser (DE-588)130444901 aut Housing, financial markets and the wider economy David Miles Chichester u.a. Wiley 1994 IX, 228 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Series in financial economics and quantitative analysis Economische aspecten gtt Woningen gtt Wirtschaft Housing United States Housing United States Finance Wohnungsmarkt (DE-588)4066794-7 gnd rswk-swf Ökonometrisches Modell (DE-588)4043212-9 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Wohnungsmarkt (DE-588)4066794-7 s Ökonometrisches Modell (DE-588)4043212-9 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006602544&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Miles, David 1959- Housing, financial markets and the wider economy Economische aspecten gtt Woningen gtt Wirtschaft Housing United States Housing United States Finance Wohnungsmarkt (DE-588)4066794-7 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd |
| subject_GND | (DE-588)4066794-7 (DE-588)4043212-9 (DE-588)4078704-7 |
| title | Housing, financial markets and the wider economy |
| title_auth | Housing, financial markets and the wider economy |
| title_exact_search | Housing, financial markets and the wider economy |
| title_full | Housing, financial markets and the wider economy David Miles |
| title_fullStr | Housing, financial markets and the wider economy David Miles |
| title_full_unstemmed | Housing, financial markets and the wider economy David Miles |
| title_short | Housing, financial markets and the wider economy |
| title_sort | housing financial markets and the wider economy |
| topic | Economische aspecten gtt Woningen gtt Wirtschaft Housing United States Housing United States Finance Wohnungsmarkt (DE-588)4066794-7 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd |
| topic_facet | Economische aspecten Woningen Wirtschaft Housing United States Housing United States Finance Wohnungsmarkt Ökonometrisches Modell USA |
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