Chapter 1 Introduction-Understanding Housing Volahlity 1.1 The Nature of the Problem 1.2 Chapter 2: Endogenous UK Housing Cycles and the Risk Premium 1.3 Chapter 3: Macro Stabilisation and Household Indebtedness 1.4 Chapter 4: Spatial House Prices and the Role of Mortgage Debt 1.5 Chapter 5: Conclusion and Policy Implications
Chapter 2 Endogenous UK Housing Cycles and the Risk Premium: Understanding the Next Housing Crisis 2.1 Introduction 2.2 Key Data 2.3 Literature Review 2.4 The Standard Model and the Implications for Policy 2.5 Theory of the Expected Utility Model 2.6 Simulation Design and Results 2.7 Concluding Remarks 2.8 Appendix Appendix 2A: The Standard Housing Life-cycle Model Appendix 2B: The Simplified Model Appendix 2C: The Two-Asset Expected Utility Housing Life-cycle Model, Derivation of the Cost of Capital and the Risk Premium Appendix 2D: The Two-Asset Expected Utility Housing Life-cycle Model, Derivation of the Cost of Capital and the Risk Premium under CARA Utility Appendix 2E: The Three-Asset Expected Utility Housing Life-cycle Model, Derivation of the Cost of Capital and the Risk Premium Appendix 2F: The Three-Asset Expected Utility Housing Life-cycle Model, Derivation of the Cost of Capital and the Risk Premium under CARA Appendix 2G: The Three-Asset Expected Utility Housing Life-cycle Model, Derivation of the Cost of Capital and the Risk Premium under CRRA Appendix 2H: Derivation of the Optimal Ratio of Risky Financial Asset to Housing Asset from our Three-asset Model Appendix 21: Derivation of the Optimal Ratio of Risky Financial Asset to Housing Asset from the Mean-variance Model ……
Chapter 3 Macro Stabilisation and Household Indebtedness Chapter 4 Spatial House Price Differences and the Role of Mortgage Debt Chapter 5 Conclusion and Policy Implications
以下为对购买帮助不大的评价