Since the crippling of the US property market following the financial downturn, the business of real estate has changed fundamentally.
The U.S. housing recovery is a fragile one and should be spurred by reducing the role of government in the mortgage-finance system, said Robert Shiller.
Yale University economist Robert Shiller believes housing might have seen the lowest point it will for some time, but the health of the job market will be the key factor in the future direction of home prices.
As you will have noticed there’s still a certain amount of shouting going on about what precisely caused the Great Financial Crash of 2007/08.
When banks experience payment defaults to their loan portfolios it makes them question their ability to screen risky borrowers, according to research by Prof. Justin Murfin. They compensate by writing stricter loan contracts for current borrowers.
Geert Rouwenhorst is probably best known as one of the first to hail the virtues of commodities as a bona fide asset class helping fuel the proliferation of commodities indexes and the ETFs that have followed them in the past decade or so.
Art and money have been making news lately.
Imagine that you are watching an outdoor theater production while sitting on the grass. You have difficulty seeing, so you prop yourself up on your knees. Soon everyone behind you does the same. Eventually, most people are kneeling or standing, yet they are less comfortable than they were before and have no better view. Everyone should sit down, and everyone knows it, but no one does.
The Behavioral Economics Annual Meeting brought economists from around the world to discuss the latest research.