Booms and Busts in the UK Housing Market
Dados Bibliográficos
| ID | 9720229 |
|---|---|
| Autores | John Muellbauer (Nuffield College, Oxford), Anthony Murphy (0000-0003-0093-6178, University College Dublin) |
| Ano | 1997 |
| Volume | 107 |
| Fascículo | 445 |
| Páginas | 1701-1727 |
| Data de publicação | 1997-11-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Economic Journal (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editora | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.1997.tb00076.x |
| OpenAlex | W2157989656 |
| Idioma | EN |
| Citações recebidas | 67 |
| Referências citadas | 17 |
The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an annual econometric model. Theory suggests that financial liberalisation of mortgage markets in the 1980s should have led to notable shifts in house price behaviour. The evidence supports the predictions of theory, suggesting shifts took place in wealth effects, as in the consumption function, and that real interest rates and income expectations became more important. The presence of transactions costs suggests important nonlinearities in house price dynamics. The paper also contains an explicit econometric treatment of expectations, demography, supply spillovers from the rented sector and of composition biases in the official house price index
Boom · Consumption (sociology · Econometric model · Econometrics · Economics · Financial economics · House price · Index (typography · Interest rate · Liberalization · Macroeconomics · Market economy · Monetary economics · Price index · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Monetary Policy and Economic Impact
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| Obras citantes distintas | 67 |
|---|---|
| Citações por ano | 2,39 |
| Intervalo de citações | 1998 - 2026 (29) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 66 |