Titlebook: Housing Bubbles; Origins and Conseque Sergi Basco Book 2018 The Editor(s) (if applicable) and The Author(s) 2018 Housing bubbles.Asset pric

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Sergi BascoExplains in detail the different types of housing bubbles.Analyses recent examples of housing bubbles in the US and Spain.Examines the economic consequences of housing bubbles for both households and

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The Editor(s) (if applicable) and The Author(s) 2018

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Consequences of Housing Bubbles,tion, borrowing and investment. These effects are reversed during the bust. The collapse of housing bubbles is conducive to financial crises, which tend to be longer and deeper than normal recessions. Finally, we discuss how housing bubbles can distort the optimal allocation of resources and reduce the aggregate productivity of the economy.

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Book 2018and ways to prevent them.”.òscar Jordà., University of California, Davis, USA.“Basco’s analysis blends, in a very rigorous but enjoyable manner , state-of-the-art theory and historical examples, adding also a very timely and valuable set of policy orientations.”.óscar Arce., Director General, Banco