House Prices and the Macroeconomy: Implications for Banking and Price Stability

Charles Goodhart, Boris Hofmann9780199204595, 0199204594

The macroeconomic implications of asset price flucuations have received increasing attention in academic and policy circles recently, in large part due to the recent boom-bust bubbles in the equity and now housing markets. This book aims to investigate the role of asset prices for various aspects of the macroeconomy.