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2014 | OriginalPaper | Buchkapitel

The Federal Reserve’s Housing Bubble and the Skyscraper Curse

verfasst von : Mark Thornton

Erschienen in: The Fed at One Hundred

Verlag: Springer International Publishing

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Abstract

There are several theories of the business cycle that have maintained wide acceptability. These theories have given rise to several explanations for the Housing Bubble crisis that remain in fashion. This paper critically examines these theories and explanations. The result of this analysis shows how the combination of the Austrian Business Cycle (ABC) Theory and elements from some of these explanations can be combined to provide a coherent and comprehensive story of the Housing Bubble crisis. Indeed, a similar story can be constructed for all of the major economic crises during the one hundred year reign of the Federal Reserve.

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Titel: The Federal Reserve’s Housing Bubble and the Skyscraper Curse
verfasst von: Mark Thornton
Verlag: Springer International Publishing
Buch: The Fed at One Hundred
Print ISBN: 978-3-319-06214-3

Electronic ISBN: 978-3-319-06215-0

Copyright-Jahr: 2014
DOI: https://doi.org/10.1007/978-3-319-06215-0_10