As economic advisor to the Bank of England for many years, C. A. E. Goodhart is uniquely positioned to assess the role of the central bank in the modern financi
House price bubbles, and their aftermath, have become a focus of macro-economic policy concern in most developed countries. This book elucidates the two-way rel
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are
House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run
Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing o