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Informationen zum Autor Susan J. Smith is a full professor of Geography and Director of the Institute for Advances Studies at Durham University. She is also an Academician at the Academy of Social Sciences and a member of the Royal Society of Edinburgh. She has a Ph.D. from Oxford University. Beverley A. Searle is a member of the Geography Department at Durham University. She has a Ph.D. from York University. Klappentext The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore key elements of the housing economy: home prices, housing wealth, mortgage debt, and financial risk.* Features 24 original essays, including an editorial introduction and three section overviews* Includes 39 world-class authors from a mix of educational and financial organizations in the UK, Europe, Australia, and North America* Broadly-based, scholarly, and accessible, serving students and professionals who wish to understand how today's housing economy works* Profiles the role and relevance of housing wealth; the mismanagement of mortgage debt; and the pitfalls and potential of hedging housing risk* Key topics include: the housing price bubble and crash; the subprime mortgage crisis in the US and its aftermath; the links between housing wealth, the macroeconomy, and the welfare of home-occupiers; the mitigation of credit and housing investment risks* Specific case studies help to illustrate concepts, along with new data sets and analyses to illustrate empirical points Zusammenfassung The Blackwell Companion to the Economics of Housing will help students and professionals alike to explore key elements of the housing economy: home prices, housing wealth, mortgage debt, and financial risk.* Features 24 original essays, including an editorial introduction and three section overviews* Includes 39 world-class authors from a mix of educational and financial organizations in the UK, Europe, Australia, and North America* Broadly-based, scholarly, and accessible, serving students and professionals who wish to understand how today's housing economy works* Profiles the role and relevance of housing wealth; the mismanagement of mortgage debt; and the pitfalls and potential of hedging housing risk* Key topics include: the housing price bubble and crash; the subprime mortgage crisis in the US and its aftermath; the links between housing wealth, the macroeconomy, and the welfare of home-occupiers; the mitigation of credit and housing investment risks* Specific case studies help to illustrate concepts, along with new data sets and analyses to illustrate empirical points Inhaltsverzeichnis Chapter 1: Introduction (Susan J. Smith! Beverley A. Searle! and Gareth D. Powells). Part One: Banking on Housing. Introduction (Editors). Chapter 2: Housing and Mortgage markets: An OECD perspective (Nathalie Girouard). Chapter 3: Is Housing Wealth an 'ATM'?: International Trends (Vladimir Kluyev and Paul Mills). Chapter 4: Housing Wealth Effects and Course of the US Economy: Theory! Evidence! and Policy Implications (Eric S. Belsky). Chapter 5: The rise in house prices and household debt in the United Kingdom: potential causes and implications (Matt Waldron and Fabrizio Zampolli). Chapter 6: Housing Wealth and Mortgage Debt in Australia (Mike Berry). Chapter 7: A Survey of Housing Equity Withdrawal and Injection in Australia (Carl Schwartz! Tim Hampton! Christine Lewis and David Norman). Chapter 8: What do we know about equity withdrawal by households in New Zealand? (Mark Smith). Chapter 9: What happened to the housing system? (Duncan Maclennan). Part Two: Housing Wealth as a Financial Buffer. Introduction (Editors). Chapter 10: Trading on housing wealth: political risk in an ageing society (Mike Berry and Tony Dalton). Chapter 11: Housing Equity Withdrawal and Retirement: Evidence from the Household! Income and Labour Dynamics in Australia Survey (HILDA) (Gavin Woo...
