House Prices and the Macroeconomy: Implications for Banking and Price Stability

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 Relationship Between House-price Fluctuations And Economic Fundamentals.--jacket. House Prices And The Macroeconomy : Overview -- House Prices As Predictors Of Consumer Price Inflation? -- Financial Conditions Indices -- The Phillips Curve, The Is Curve, And Monetary Transmission -- Goods And Asset Price Deflations -- House Prices And Bank Credit -- Bank Regulation And Macroeconomic Fluctuations -- Default, Credit Growth And Asset Prices -- What Role For House Prices In The Measurement Of Inflation? -- A Second Central Bank Instrument? -- House Price Fluctuations And Public Policy. Charles Goodhart And Boris Hofmann. Includes Bibliographical References (p. 211-224) And Index.