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Financialization, housing bubble, and the Great Recession : an interpretation based on a circuit of capital model

Rugitsky, Fernando - 2015

Persistent link: https://www.econbiz.de/10011524518

Bubble economics : how big a shock to China's real estate sector will throw the country into recession, and why does it matter?

Michael, Bryane; Zhao, Simon Xiaobin - Lincoln Institute of Land Policy - 2016

explain how economies (mis)allocate resources during bubbles. A 15%-20% property price drop could cause recession, if China …

Persistent link: https://www.econbiz.de/10011489181

The global economic crisis : long-term unemployment in the OECD

Junankar, P. N. Raja - 2011

This paper analyses the impact of the global economic crisis on unemployment and long term unemployment in the OECD. It uses simple econometric models using panel data (quarterly) and time series data. In general, we find that long term unemployment increases with the unemployment rate, there is...

Persistent link: https://www.econbiz.de/10009516908

House prices and the distribution of wealth around the great recession

Cóndor, Richard; Moguel, Rodolfo Oviedo - 2023

This paper employs a calibrated model of the US economy to analyze the boom and bust in house prices as well as the shifts in the distribution of wealth during the years around the Great Recession. We replicate the dynamics of the housing market using shocks to aggregate income, the distribution...

Persistent link: https://www.econbiz.de/10014301444

The housing finance system in Italy and Spain: why did a housing bubble develop in Spain - and not in Italy?

Bulbarelli, Miriam - 2016

European periphery. This essay will focus on two countries, which were affected particularly severely: Spain and Italy. In … Spain, the global financial crisis was worsened by the burst of the housing bubble, which had inflated the cost of housing … "bust" - , whereas Spain is still recovering from it. This paper attempts to analyze the reason for this discrepancy. …

Persistent link: https://www.econbiz.de/10011436966