Bolla Immobiliare una Costante Nelle Grandi Crisi
The recent economic crisis that continues to plague the health of the global economy has led us to consider the characteristic elements of the economic crises in the United States. We found that in typical recessions spending on the purchase of new homes tends to decline before the general economic crisis and the decline in the percentage of expenditure on buildings is much greater than that for other components of aggregate output. This scheme, since the Second World War, it is noted in the case ten out of eleven recessions, including the Great Depression.
Gjerstad, S., & Smith, V.L. (2010, May 25). Bolla immobiliare una costante nelle grandi crisi. La Republicca.
This article was originally published in May 25, 2010. The link above points to the English version, but the article was originally published in an Italian translation, available at La Republicca.