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Ten Propositions in UK Housing Macroeconomics: An Overview of the 1980s and Early 1990s

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  • Geoffrey Meen

    (Department of Economics, Faculty of Urban and Regional Studies, University of Reading, P.O. Box 219, Whiteknights, Reading, RG6 2AW, UK)

Abstract

During the last ten years, macroeconomists have increasingly come to realise that there are important interactions between housing and the wider economy. In some cases, this realisation has come too late to avoid the severe oscillations in the economy that have characterised the period since the mid-1980s. This paper uses a macroeconometric model, specifically designed to capture the interactions, in order to reflect on the experience of the 1980s and early 1990s and to draw theoretical, empirical and policy conclusions in terms of ten propositions.

Suggested Citation

  • Geoffrey Meen, 1996. "Ten Propositions in UK Housing Macroeconomics: An Overview of the 1980s and Early 1990s," Urban Studies, Urban Studies Journal Limited, vol. 33(3), pages 425-444, April.
    • Handle: RePEc:sae:urbstu:v:33:y:1996:i:3:p:425-444
    DOI: 10.1080/00420989650011843
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    References listed on IDEAS

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    Cited by:

    1. Elias Oikarinen, 2008. "Empirical application of the housing-market no-arbitrage condition: problems, solutions and a Finnish case study," Discussion Papers 39, Aboa Centre for Economics.
    2. Richard Whittle & Thomas Davies & Matthew Gobey & John Simister, 2014. "Behavioural Economics and House Prices: A Literature Review," Business and Management Horizons, Macrothink Institute, vol. 2(2), pages 15-28, December.
    3. McQuinn, Kieran, 2017. "Irish house prices: Déjà vu all over again?," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
    4. Tsai, I-Chun & Chiang, Shu-Hen, 2019. "Exuberance and spillovers in housing markets: Evidence from first- and second-tier cities in China," Regional Science and Urban Economics, Elsevier, vol. 77(C), pages 75-86.

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