scholarly journals The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s

2012 ◽  
Author(s):  
Rodney Ramcharan ◽  
Raghuram G. Rajan
Keyword(s):  
United States ◽  
The United States ◽  
Credit Crisis ◽  
Farm Land ◽  
Land Prices ◽  
Boom And Bust

scholarly journals The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s

2015 ◽  
Vol 105 (4) ◽  
pp. 1439-1477 ◽  
Author(s):  
Raghuram Rajan ◽  
Rodney Ramcharan
Keyword(s):  
Asset Price ◽  
The United States ◽  
Bank Failures ◽  
Credit Crisis ◽  
Price Inflation ◽  
Farm Land ◽  
Credit Availability ◽  
Land Prices ◽  
Long Run ◽  
Boom And Bust

Does credit availability exacerbate asset price inflation? Are there long-run consequences? During the farm land price boom and bust before the Great Depression, we find that credit availability directly inflated land prices. Credit also amplified the relationship between positive fundamentals and land prices, leading to greater indebtedness. When fundamentals soured, areas with higher credit availability suffered a greater fall in land prices and had more bank failures. Land prices and credit availability also remained disproportionately low for decades in these areas, suggesting that leverage might render temporary credit-induced booms and busts persistent. We draw lessons for regulatory policy. (JEL E31, G21, G28, N22, N52, Q12, Q14)

scholarly journals Commercial and Residential Land Prices Across the United States

2010 ◽  
Vol 2010 (16) ◽  
pp. 1-46 ◽  
Author(s):  
Joseph B. Nichols ◽  
◽  
Stephen D. Oliner ◽  
John D. Wolken
Keyword(s):  
United States ◽  
The United States ◽  
Residential Land ◽  
Land Prices

scholarly journals Commercial and Residential Land Prices Across the United States

2010 ◽  
Author(s):  
Stephen D. Oliner ◽  
Joseph Nichols ◽  
Michael R. Mulhall
Keyword(s):  
United States ◽  
The United States ◽  
Residential Land ◽  
Land Prices

Swings in Commercial and Residential Land Prices in the United States

2012 ◽  
Author(s):  
Joseph Nichols ◽  
Stephen D. Oliner ◽  
Michael R. Mulhall
Keyword(s):  
United States ◽  
The United States ◽  
Residential Land ◽  
Land Prices

Strategic Control Over Wind Power Development Policy

2015 ◽  
Author(s):  
Scott Valentine
Keyword(s):  
United States ◽  
Wind Power ◽  
Development Policy ◽  
The United States ◽  
Power Development ◽  
Boom And Bust ◽  
Wind Power Development ◽  
Insight Into ◽  
Power Diffusion

Chapter 3 introduced a three-step framework that could be applied to case study analysis in order to extract insights for refining wind power development policy. The first step of the framework entailed the analysis of a sufficient number of national case studies to identify prominent commonalities that influence wind power development. In this book Germany, Denmark, China, the United States, Japan, and Canada were chosen as nations for analysis. Germany and Denmark—two nations that have laudable and sustained successes in wind power development—were selected in order to provide insight into successful wind power development policies. China and the United States, which have both experienced boom and bust periods of wind power development, were picked to provide insight into factors that cause such oscillations in development. Japan and Canada, which are two nations that have underperformed in regard to wind power development, were selected to provide insight into barriers to wind power diffusion. Although only six nations were included in this study, additional wind power policy analysis undertaken by the author in Australia and Taiwan provide general confirmation of the external validity of the findings that will be summarized in this chapter. In this chapter the social, technological, economic, and political (STEP) factors that emerged as influential for either supporting or impeding wind power development in the six case study nations will be summarized. The intention of this compendium is to provide policymakers and interested stakeholders with greater clarity regarding the factors that must be strategically managed in order to enhance the scale scope and pace of wind power diffusion. The factors introduced in this chapter should not be misconstrued as constituting a best practice list for optimizing wind power policy success. As was pointed out in the introductory chapter, energy policy is designed and implemented within a contextually unique environment that involves a seamless web of dynamically evolving forces. Consequently, the notion that it might be feasible to construct a universally applicable manual of best policy practice is a fool’s errand.

Swings in commercial and residential land prices in the United States

2013 ◽  
Vol 73 (1) ◽  
pp. 57-76 ◽  
Author(s):  
Joseph B. Nichols ◽  
Stephen D. Oliner ◽  
Michael R. Mulhall
Keyword(s):  
United States ◽  
The United States ◽  
Residential Land ◽  
Land Prices
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