Rethinking Housing Bubbles: The Role of Household and Bank Balance Sheets in Modeling Economic Cycles by Vernon L. Smith, Steven D. Gjerstad

Rethinking Housing Bubbles: The Role of Household and Bank Balance Sheets in Modeling Economic Cycles

Vernon L. Smith, Steven D. Gjerstad

304 pages • missing pub info (editions)

nonfiction business economics informative slow-paced
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Balance sheet crises, in which the prices of widely held and highly leveraged assets collapse, pose distinctive economic challenges. An understanding of their causes and consequences is only recently developing, and there is no agreement on effect...

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