Jannsen, Nils - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 56 (2010) 2, pp. 175-206
Housing crises usually go hand in hand with a long-lasting recession and a considerable loss in output. By looking at historical crises, we show that the downturns in the housing markets in the United States, the United Kingdom, Spain, and France, beginning in 2006 and in 2007, were followed by...