Housing and Mortgage Markets in Historical Perspective
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Product details
- ISBN 9780226073842
- Weight: 680g
- Dimensions: 16 x 23mm
- Publication Date: 28 Jul 2014
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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The role of the housing market in the recent recession raised questions about similar episodes in economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? How have previous policy interventions either damaged or improved long-run market performance and stability? This volume provides context for understanding recent events by examining how historical housing and mortgage markets worked - and how they sometimes failed. The editors survey the research on housing crises, comparing that of the 1930s to that of the 2000s in order to identify what contributed to each crisis.
Eugene N. White is professor of economics at Rutgers University and a research associate of the NBER. Kenneth Snowden is associate professor of economic history at the University of North Carolina at Greensboro and a research associate of the NBER. Price Fishback is the Frank and Clara Kramer Professor of Economics at the University of Arizona and a research associate of the NBER.
