scholarly journals Housing Market Risks in the United Kingdom

2008 ◽  
Vol 2008 (954) ◽  
pp. 1-21
Author(s):  
Robert F. Martin ◽  
1996 ◽  
Vol 157 ◽  
pp. 97-106 ◽  
Author(s):  
Luis Catão ◽  
Ramana Ramaswamy

This article uses a vector autoregression (VAR) approach to identify the causes of the 1990-92 recession in the UK. The VAR approach is shown to be particularly pertinent for quantifying the relative magnitude of the different demand shocks, and in decomposing them into monetary and expectational factors. The main finding is that the recent recession was precipitated primarily by shocks to consumption, and that the prior monetary tightening and the subsequent collapse in the housing market explain just part of this contraction. Non-monetary shocks also appear to have played an important role in bringing about the recession. The VAR model also offers interesting insights on the nature of the recovery that is currently under way.


1992 ◽  
Vol 24 (3) ◽  
pp. 381-400 ◽  
Author(s):  
J Barlow ◽  
A King

The objective in this paper is to compare the competitive strategies of the housebuilding industry in the United Kingdom, France, and Sweden. It is focused on the relationship between the different mechanisms by which the housing market is regulated and the competitive methods adopted by firms in each country. By using a detailed study of over 100 firms in the three countries, it is argued that there is a relationship between the forms of market regulation, the level of uncertainty and risk faced by housebuilders, and their profit-making strategies. Finally, some of the implications of the findings for the UK housebuilding industry in the 1990s are considered.


2009 ◽  
pp. 1-6 ◽  
Author(s):  
Nishan Fernando ◽  
Gordon Prescott ◽  
Jennifer Cleland ◽  
Kathryn Greaves ◽  
Hamish McKenzie

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