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The Economics Book
book

The Economics Book

by DK
December 2014
Beginner
352 pages
14h 24m
English
DK Publishing
Content preview from The Economics Book
RG

IN CONTEXT

FOCUS

The macroeconomy

KEY THINKER

Charles Goodheart (1936–)

BEFORE

1965 US economist Sherman Maisel is the first to explore the effects of residential investment on the economy.

2003 US economists Morris Davis and Jonathan Heathcote conclude that housing prices are related to the overall state of the economy.

AFTER

2007 US economist Edward Leamer argues that housing construction trends are an early warning of recession.

2010 US mortgage-lenders Fannie Mae and Freddie Mac are delisted on the New York Stock Exchange after lowering underwriting standards during the subprime crisis (offering mortgages to those unable to repay).

Movements in the housing ...

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Publisher Resources

ISBN: 9781465438409