The Role of Housing and Mortgage Markets in the Financial Crisis
Ten years after the financial crisis of 2008, there is widespread agreement that the boom in mortgage lending and its subsequent reversal were at the core of the Great Recession. We survey the existing evidence, which suggests that inflated house-price expectations across the economy played a centra...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Annual Reviews,
2019-10-02T20:28:09Z.
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| Subjects: | |
| Online Access: | Get fulltext |