{"id":"https://openalex.org/W2005245789","doi":"https://doi.org/10.1080/14616718.2014.997431","title":"The Great Moderation, the Great Excess and the global housing crisis","display_name":"The Great Moderation, the Great Excess and the global housing crisis","publication_year":2015,"publication_date":"2015-01-02","ids":{"openalex":"https://openalex.org/W2005245789","doi":"https://doi.org/10.1080/14616718.2014.997431","mag":"2005245789"},"language":"en","primary_location":{"id":"doi:10.1080/14616718.2014.997431","doi":"https://doi.org/10.1080/14616718.2014.997431","is_oa":false,"landing_page_url":"https://doi.org/10.1080/14616718.2014.997431","pdf_url":null,"source":{"id":"https://openalex.org/S4210233941","display_name":"International Journal of Housing Policy","issn_l":"1461-6718","issn":["1461-6718","1473-3269","1949-1247","1949-1255"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","dongbi-c","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Housing Policy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5055974740","display_name":"Manuel B. Aalbers","orcid":"https://orcid.org/0000-0001-6640-0988","observed_orcids":["https://orcid.org/0000-0001-6640-0988"]},"institutions":[{"id":"https://openalex.org/I99464096","display_name":"KU Leuven","ror":"https://ror.org/05f950310","country_code":"BE","type":"education","lineage":["https://openalex.org/I99464096"]}],"countries":["BE"],"is_corresponding":true,"raw_author_name":"Manuel B. Aalbers","raw_affiliation_strings":["Department of Geography, KU Leuven/University of Leuven, Heverlee, Belgium"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Geography, KU Leuven/University of Leuven, Heverlee, Belgium","institution_ids":["https://openalex.org/I99464096"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5055974740"],"corresponding_institution_ids":["https://openalex.org/I99464096"],"apc_list":null,"apc_paid":null,"fwci":31.9095,"has_fulltext":false,"cited_by_count":172,"citation_normalized_percentile":{"value":0.9965303,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":100},"biblio":{"volume":"15","issue":"1","first_page":"43","last_page":"60"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10239","display_name":"Urban Planning and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/3322","display_name":"Urban Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/great-moderation","display_name":"Great Moderation","score":0.9169999957084656},{"id":"https://openalex.org/keywords/housing-market","display_name":"housing market","score":0.7409999966621399},{"id":"https://openalex.org/keywords/financialization","display_name":"financialization","score":0.6610000133514404},{"id":"https://openalex.org/keywords/neoliberalism","display_name":"neoliberalism","score":0.7730000019073486},{"id":"https://openalex.org/keywords/post-fordism","display_name":"post-Fordism","score":0.9150000214576721},{"id":"https://openalex.org/keywords/fordism","display_name":"Fordism","score":0.9110000133514404},{"id":"https://openalex.org/keywords/periodization","display_name":"periodization","score":0.6179999709129333},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.7860000133514404},{"id":"https://openalex.org/keywords/housing-bubble","display_name":"housing bubble","score":0.5490000247955322},{"id":"https://openalex.org/keywords/inequality","display_name":"inequality","score":0.6190000176429749},{"id":"https://openalex.org/keywords/credit-and-debt","display_name":"credit and debt","score":0.8600000143051147},{"id":"https://openalex.org/keywords/macroeconomic-cycles","display_name":"macroeconomic cycles","score":0.640999972820282}],"concepts":[{"id":"https://openalex.org/C72868586","wikidata":"https://www.wikidata.org/wiki/Q5599587","display_name":"Great Moderation","level":3,"score":0.8231180906295776},{"id":"https://openalex.org/C155922540","wikidata":"https://www.wikidata.org/wiki/Q466969","display_name":"Fordism","level":2,"score":0.8168227076530457},{"id":"https://openalex.org/C514928085","wikidata":"https://www.wikidata.org/wiki/Q6206","display_name":"Capitalism","level":3,"score":0.6088114380836487},{"id":"https://openalex.org/C93225998","wikidata":"https://www.wikidata.org/wiki/Q1941972","display_name":"Moderation","level":2,"score":0.6084491014480591},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.6051042079925537},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5894191265106201},{"id":"https://openalex.org/C98184364","wikidata":"https://www.wikidata.org/wiki/Q1780131","display_name":"Argument (complex analysis)","level":2,"score":0.5866116285324097},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5722830295562744},{"id":"https://openalex.org/C2781291010","wikidata":"https://www.wikidata.org/wiki/Q178580","display_name":"Period (music)","level":2,"score":0.4188157618045807},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.36655521392822266},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.35729527473449707},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.3483177423477173},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.346312016248703},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.26922351121902466},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.23361057043075562},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.206231951713562},{"id":"https://openalex.org/C24890656","wikidata":"https://www.wikidata.org/wiki/Q82811","display_name":"Acoustics","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/14616718.2014.997431","doi":"https://doi.org/10.1080/14616718.2014.997431","is_oa":false,"landing_page_url":"https://doi.org/10.1080/14616718.2014.997431","pdf_url":null,"source":{"id":"https://openalex.org/S4210233941","display_name":"International Journal of Housing Policy","issn_l":"1461-6718","issn":["1461-6718","1473-3269","1949-1247","1949-1255"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","dongbi-c","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Housing Policy","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:intjhp:v:15:y:2015:i:1:p:43-60","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/14616718.2014.997431","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:lirias2repo.kuleuven.be:123456789/535034","doi":null,"is_oa":false,"landing_page_url":"https://lirias.kuleuven.be/handle/123456789/535034","pdf_url":null,"source":{"id":"https://openalex.org/S7407055369","display_name":"Lirias","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Housing Policy, vol. 15 (1), (43-60)","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/11","display_name":"Sustainable cities and communities","score":0.7400000095367432}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320307855","display_name":"World Bank Group","ror":"https://ror.org/00ae7jd04"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W14433621","https://openalex.org/W281610189","https://openalex.org/W432462766","https://openalex.org/W561229196","https://openalex.org/W612267596","https://openalex.org/W635444975","https://openalex.org/W1528857264","https://openalex.org/W1535937530","https://openalex.org/W1550572783","https://openalex.org/W1554411802","https://openalex.org/W1561407313","https://openalex.org/W1576177147","https://openalex.org/W1576855161","https://openalex.org/W1577843944","https://openalex.org/W1595816766","https://openalex.org/W1770522267","https://openalex.org/W1884905799","https://openalex.org/W1967885174","https://openalex.org/W1987938690","https://openalex.org/W1998829610","https://openalex.org/W2021624905","https://openalex.org/W2022007721","https://openalex.org/W2048621463","https://openalex.org/W2052475482","https://openalex.org/W2061788436","https://openalex.org/W2062424378","https://openalex.org/W2066203597","https://openalex.org/W2071743739","https://openalex.org/W2074630140","https://openalex.org/W2076688287","https://openalex.org/W2089262163","https://openalex.org/W2098913112","https://openalex.org/W2102216624","https://openalex.org/W2106619602","https://openalex.org/W2108473516","https://openalex.org/W2116136866","https://openalex.org/W2119910835","https://openalex.org/W2119929865","https://openalex.org/W2124425317","https://openalex.org/W2135167672","https://openalex.org/W2139185133","https://openalex.org/W2148422627","https://openalex.org/W2157207849","https://openalex.org/W2159740741","https://openalex.org/W2163937093","https://openalex.org/W2178038460","https://openalex.org/W2320035350","https://openalex.org/W2487163692","https://openalex.org/W2497572963","https://openalex.org/W2506430451","https://openalex.org/W2752384816","https://openalex.org/W2940083251","https://openalex.org/W3187206434","https://openalex.org/W4232161141","https://openalex.org/W4238920170","https://openalex.org/W4245998146","https://openalex.org/W4252505342"],"related_works":["https://openalex.org/W2519195737","https://openalex.org/W2961779985","https://openalex.org/W7204195129","https://openalex.org/W597309930","https://openalex.org/W2902693139","https://openalex.org/W1576177147","https://openalex.org/W4393276156","https://openalex.org/W2072984804","https://openalex.org/W3090110762","https://openalex.org/W7029007772"],"abstract_inverted_index":{"This":[0,58],"paper":[1],"explores":[2],"the":[3,33,37,43,51,70,77,86,89,92,99,122,127,130,147,150,166,180,187],"relationships":[4],"between":[5],"local":[6],"or":[7,39,46,54],"national":[8,73],"housing":[9,25,74,94,108],"markets":[10,75,109],"and":[11,28,49,76,134,174,204,207],"recent":[12],"historic":[13],"transformations":[14],"in":[15,24,136,164,186,199],"global":[16,78],"capitalism.":[17],"It":[18],"proposes":[19],"a":[20,61,111,117,157,169,196,211],"periodisation":[21,59],"of":[22,69,72,91,121,129,132,149,160,168,189,201,210,214],"developments":[23],"markets,":[26],"policies":[27],"practices":[29],"distinguishing":[30],"between,":[31],"first,":[32],"pre-modern":[34],"period;":[35,41,48],"second,":[36],"modern":[38],"Fordist":[40],"third,":[42],"flexible":[44],"neoliberal":[45,53],"post-Fordist":[47,93],"fourth,":[50],"late":[52],"emerging":[55],"post-crisis":[56],"period.":[57],"is":[60,83],"heuristic":[62],"device":[63],"that":[64,85,98,110],"helps":[65],"to":[66,101,107,155],"make":[67],"sense":[68],"interdependence":[71],"financial":[79],"crisis.":[80,118],"The":[81,119,172,191],"argument":[82],"not":[84],"crisis":[87,182],"caused":[88],"breakdown":[90],"model,":[95],"but":[96],"rather":[97],"shift":[100],"this":[102,143],"model":[103],"introduced":[104],"certain":[105],"dynamics":[106],"few":[112],"decades":[113],"later":[114],"culminated":[115],"into":[116],"start":[120,128],"Great":[123,151,192,197],"Moderation":[124,193],"was":[125,163,194],"also":[126,195],"financialisation":[131],"states":[133],"economies":[135],"various":[137],"domains,":[138],"particularly":[139],"housing.":[140,190],"In":[141],"making":[142],"argument,":[144],"I":[145],"unpack":[146],"concept":[148],"Moderation:":[152],"what":[153],"appeared":[154],"be":[156],"structural":[158],"moderation":[159],"macroeconomic":[161],"cycles":[162],"fact":[165],"build-up":[167],"bubble":[170],"economy.":[171],"1970s":[173],"early":[175],"1980s":[176],"as":[177,179],"well":[178],"post-2007":[181],"are":[183],"critical":[184],"junctures":[185],"development":[188],"Excess":[198],"terms":[200],"rising":[202],"inequality":[203],"excessive":[205],"credit":[206],"debt,":[208],"suggestive":[209],"finance-led":[212],"regime":[213],"accumulation.":[215]},"counts_by_year":[{"year":2026,"cited_by_count":7},{"year":2025,"cited_by_count":15},{"year":2024,"cited_by_count":15},{"year":2023,"cited_by_count":10},{"year":2022,"cited_by_count":18},{"year":2021,"cited_by_count":15},{"year":2020,"cited_by_count":20},{"year":2019,"cited_by_count":22},{"year":2018,"cited_by_count":27},{"year":2017,"cited_by_count":13},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":5}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}