House Prices and the Macroeconomy Implications for Banking and Price Stability

"House price bubbles, and their aftermath, have become a focus of macro-economic policy concern in most developed countries. This book elucidates the two- way relationship between house-price fluctuations and economic fundamentals."--BOOK JACKET.

Charles Goodhart, CBE, FBA is the Norman Sosnow Professor of Banking and Finance at the London School of Economics and is Programme Director of the Financial Markets Group. Before joining the London School of Economics in 1985, he worked at the Bank of England for seventeen years as a monetary adviser, becoming a Chief Adviser in 1980. During 1986, Prof. Goodhart helped to found, with Mervyn King, the Financial Markets Group at London School of Economics. In 1997, he was appointed one of the outside independent members of the Bank of England's Monetary Policy Committee until May 2000. He has taught at Cambridge University and the London School of Economics.
Boris Hofmann is an economist at the Deutsche Bundesbank in Frankfurt am Main and a non-resident senior fellow at the Center for European Integration Studies (ZEI) of the University of Bonn. He received his Ph.D. from the University of Bonn and has written and published a number of articles on topics in monetary and financial economics.