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Author:Shiller, Robert J. 

Journal Article
The behavior of home buyers in boom and post-boom markets

New England Economic Review , Issue Nov , Pages 29-46

Working Paper
Hedging inflation and income risks

This paper describes potential new markets for long-term inflation risk, and shows the relationship such markets would have to other potential new markets, markets for long-term claims on income aggregates. One inflation-risk market which would be very useful is a market for long-term (or perpetual) claims on a cash flow of constant real value each period, a cash flow measured each period by an index of consumer prices. Such markets need not take the form of indexed government or corporate debt; it would be more natural to create futures-like markets for cash flows tied to an index and paid ...
Working Papers in Applied Economic Theory , Paper 94-10

Conference Paper
Causes of changing financial market volatility

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
A decade of boom and bust in the prices of single-family homes: Boston and Los Angeles, 1983 to 1993

The 1980s and 1990s have been turbulent times in the U.S. market for single-family homes. For most of the previous two decades, housing prices across states and metropolitan areas moved together and increased slowly in real terms while regional differences generally remained small. The 1980s and 1990s, in contrast, have seen increased price volatility and sharp differences in price behavior across regions with substantial housing price booms in some regions and major price declines in others. ; These boom-bust cycles had serious consequences for regional economies and national mortgage ...
New England Economic Review , Issue Mar , Pages 40-51

Journal Article
Macro markets and financial security

Uncertainty about national income growth poses significant macroeconomic risk to households all over the world. To help reduce investors' exposure, researchers have proposed a controversial new set of security markets called macro markets. These international markets would trade long-term claims on the income of an entire country or region. For example, in a macro market for the United States, an investor could buy a claim on the U.S. national income and then receive dividends equal to a fraction of national income for as long as the claim is held. Although many barriers stand in the way of ...
Economic Policy Review , Volume 5 , Issue Apr , Pages 21-39

Conference Paper
Asset prices, monetary policy, and bank regulation

Proceedings , Paper 1006

Journal Article
Prices of single-family homes since 1970: new indexes for four cities

New England Economic Review , Issue Sep , Pages 45-56

Conference Paper
Understanding recent trends in house prices and homeownership

Proceedings - Economic Policy Symposium - Jackson Hole

Discussion Paper
Estimation of the investment and price equations of a macroeconometric model

Staff Studies , Paper 61

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