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Booms, Busts and Ripples in British Regional Housing Markets

Cameron, Gavin; Muellbauer, John; Murphy, Anthony - EconWPA - 2005

house prices to house prices elsewhere. We also address the issue of whether there has been a bubble in the British housing …

Persistent link: https://www.econbiz.de/10005412599

Was There A British House Price Bubble? Evidence from a Regional Panel

Muellbauer, John; Cameron, Gavin; Muellbauer, John - Department of Economics, Oxford University - 2006

evidence for a recent bubble is found. …

Persistent link: https://www.econbiz.de/10005047835

Shifting Credit Standards and the Boom and Bust in U.S. House Prices

Duca, John V.; Muellbauer, John; Murphy, Anthony - Spatial Economics Research Centre, LSE - 2011

The U.S. house price boom has been linked to an unsustainable easing of mortgage credit standards. However, standard time series models of US house prices omit credit constraints and perform poorly in the 2000's. We incorporate data on credit constraints for first time buyers into a model of US...

Persistent link: https://www.econbiz.de/10008867527

Shifting Credit Standards and the Boom and Bust in US House Prices

Duca, John V; Muellbauer, John; Murphy, Anthony - C.E.P.R. Discussion Papers - 2011

The U.S. house price boom has been linked to an unsustainable easing of mortgage credit standards. However, standard time series models of US house prices omit credit constraints and perform poorly in the 2000’s. We incorporate data on credit constraints for first time buyers into a model of...

Persistent link: https://www.econbiz.de/10009001066

House Prices and Credit Constraints: Making Sense of the US Experience

Duca, John V; Muellbauer, John; Murphy, Anthony - C.E.P.R. Discussion Papers - 2011

Most US house price models break down in the mid-2000's, due to the omission of exogenous changes in mortgage credit supply (associated with the sub-prime mortgage boom) from house price-to-rent ratio and inverted housing demand models. Previous models lack data on credit constraints facing...

Persistent link: https://www.econbiz.de/10009003148

House Prices and Credit Constraints: Making Sense of the U.S. Experience

Duca, John V.; Muellbauer, John; Murphy, Anthony - Spatial Economics Research Centre, LSE - 2011

Persistent link: https://www.econbiz.de/10009205102

Housing Markets and the Financial Crisis of 2007-2009: Lessons for the Future

Duca, John V.; Muellbauer, John; Murphy, Anthony - Spatial Economics Research Centre, LSE - 2010

An unsustainable weakening of credit standards induced a US mortgage and housing bubble whose consumption impact was …

Persistent link: https://www.econbiz.de/10008692865

House prices and credit constraints: making sense of the U.S. experience

Duca, John V.; Muellbauer, John; Murphy, Anthony - London School of Economics (LSE) - 2011

Persistent link: https://www.econbiz.de/10011125991

Shifting credit standards and the boom and bust in U.S. house prices

Duca, John V.; Muellbauer, John; Murphy, Anthony - London School of Economics (LSE) - 2011

The U.S. house price boom has been linked to an unsustainable easing of mortgage credit standards. However, standard time series models of US house prices omit credit constraints and perform poorly in the 2000’s. We incorporate data on credit constraints for first time buyers into a model of...

Persistent link: https://www.econbiz.de/10011126625

Credit Conditions and the Real Economy: The Elephant in the Room

Muellbauer, John; Williams, David M - C.E.P.R. Discussion Papers - 2011

Changes in credit market architecture are an important but unobservable structural influence on economic activity. For Australian data, we model non-price credit supply conditions within equilibrium correction models of consumption, house prices, mortgage credit and housing equity withdrawal....

Persistent link: https://www.econbiz.de/10009371480