Are mortgage lenders guilty of the housing bubble? A UK perspective
(2016)
Journal Article
Xiao, Q., & Devaney, S. (2016). Are mortgage lenders guilty of the housing bubble? A UK perspective. Applied economics, 48(45), 4271-4290. https://doi.org/10.1080/00036846.2016.1156231
Existing theoretical models of house prices and credit rely on continuous rationality of consumers, an assumption that has been frequently questioned in recent years. Meanwhile, empirical investigations of the relationship between prices and credit a... Read More about Are mortgage lenders guilty of the housing bubble? A UK perspective.