Handbook of Real Estate and Macroeconomics

This Handbook provides academic and accessible chapters on the interaction between real estate and macroeconomics, covering topics such as wealth, housing price dynamics, financial crises, and non-residential real estate. It offers insights from researchers around the world and facilitates policy discussions and analysis for practitioners.

Format: Hardback
Length: 480 pages
Publication date: 21 June 2022
Publisher: Edward Elgar Publishing Ltd

The Handbook of Real Estate and Macroeconomics is a comprehensive collection of academic and accessible chapters that delve into three crucial questions:

What should real estate economists know about macroeconomics?
What should macroeconomists know about real estate?
What should readers know about the interaction between real estate and macroeconomics?

The content of this Handbook is organized into four broad themes:

Real estate-related wealth and macroeconomics: This theme explores the relationship between real estate and macroeconomic variables, such as interest rates, inflation, and economic growth. It examines how real estate investments can affect economic outcomes and vice versa.

Housing price dynamics and affordability: This theme examines the factors that influence housing price dynamics, including supply and demand, mortgage rates, and government policies. It explores the impact of housing prices on affordability, housing inequality, and economic stability.

Financial crises and structural change: This theme examines the impact of financial crises on real estate markets and the broader economy. It explores the causes and consequences of financial crises, such as the Great Recession, and the strategies used to mitigate their effects.

Non-residential real estate: This theme focuses on the non-residential real estate sector, including office buildings, retail spaces, and industrial properties. It examines the trends, drivers, and challenges in the non-residential real estate market, including the impact of technological advancements and urbanization.

The chapter authors, who are active researchers from diverse countries, have contributed insightful and evidence-based chapters that cover a wide range of topics. These chapters present evidence from various countries and datasets, making them relevant to audiences worldwide. They summarize previous research findings and shed light on current issues in the field.

The Handbook of Real Estate and Macroeconomics serves as a valuable resource for researchers seeking to gain a deeper understanding of the complex relationship between real estate and macroeconomics. It also assists practitioners in financial markets, corporate economists, and policy analysts in governments and NGOs by providing a comprehensive overview of the field and facilitating global policy discussions and analysis.

In conclusion, the Handbook of Real Estate and Macroeconomics is a comprehensive and insightful resource that offers valuable insights into the intersection of real estate and macroeconomics. By addressing three crucial questions and exploring four broad themes, it provides a valuable contribution to the field and assists researchers, practitioners, and policymakers in understanding the complex dynamics of the real estate market and the broader economy.

Dimension: 244 x 169 (mm)
ISBN-13: 9781789908480