{"id":"https://openalex.org/W2182763749","doi":null,"title":"A Housing Bubble Debate Resolved","display_name":"A Housing Bubble Debate Resolved","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2182763749","mag":"2182763749"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:spt:apfiba:v:3:y:2013:i:4:f:3_4_5","doi":null,"is_oa":false,"landing_page_url":"http://www.scienpress.com/Upload/JAFB%2fVol%203_4_5.pdf","pdf_url":"http://www.scienpress.com/Upload/JAFB%2fVol%203_4_5.pdf","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"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"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/A5080489121","display_name":"Sarah K. Bryant","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Sarah Bryant","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":null,"display_name":"Jonathan Kohn","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jonathan Kohn","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.4043,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.8645883,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"3","issue":"4","first_page":"1","last_page":"5"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9750999808311462,"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"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9750999808311462,"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/T10007","display_name":"Monetary Policy and Economic Impact","score":0.009499999694526196,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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/T11817","display_name":"Housing, Finance, and Neoliberalism","score":0.004900000058114529,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/housing-bubble","display_name":"housing bubble","score":0.9990000128746033},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.9340000152587891},{"id":"https://openalex.org/keywords/federal-reserve","display_name":"Federal Reserve","score":0.7940000295639038},{"id":"https://openalex.org/keywords/mortgage-rates","display_name":"mortgage interest rates","score":0.8769999742507935},{"id":"https://openalex.org/keywords/adjustable-rate-mortgages","display_name":"adjustable-rate mortgages","score":0.7760000228881836},{"id":"https://openalex.org/keywords/fixed-rate-mortgages","display_name":"fixed-rate mortgages","score":0.8510000109672546},{"id":"https://openalex.org/keywords/housing-market","display_name":"housing market","score":0.5320000052452087},{"id":"https://openalex.org/keywords/asset-prices","display_name":"asset prices","score":0.5440000295639038},{"id":"https://openalex.org/keywords/interest-rate-policy","display_name":"interest rate policy","score":0.5630000233650208},{"id":"https://openalex.org/keywords/structural-equation-modeling","display_name":"structural equation modeling","score":0.8569999933242798}],"concepts":[{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.7257775068283081},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6621296405792236},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.6559516191482544},{"id":"https://openalex.org/C157915830","wikidata":"https://www.wikidata.org/wiki/Q2928001","display_name":"Bubble","level":2,"score":0.6057268381118774},{"id":"https://openalex.org/C201543015","wikidata":"https://www.wikidata.org/wiki/Q207781","display_name":"Economic bubble","level":2,"score":0.5263763070106506},{"id":"https://openalex.org/C141441539","wikidata":"https://www.wikidata.org/wiki/Q1970908","display_name":"Boom","level":2,"score":0.5228146314620972},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5094373822212219},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4692145586013794},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.4330671429634094},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.37078168988227844},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3551214337348938},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3271811008453369},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.08980286121368408},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C57879066","wikidata":"https://www.wikidata.org/wiki/Q41217","display_name":"Mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C87717796","wikidata":"https://www.wikidata.org/wiki/Q146326","display_name":"Environmental engineering","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:spt:apfiba:v:3:y:2013:i:4:f:3_4_5","doi":null,"is_oa":false,"landing_page_url":"http://www.scienpress.com/Upload/JAFB%2fVol%203_4_5.pdf","pdf_url":"http://www.scienpress.com/Upload/JAFB%2fVol%203_4_5.pdf","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":"mag:2182763749","doi":null,"is_oa":false,"landing_page_url":"http://www.scienpress.com/Upload/JAFB/Vol%203_4_5.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2764458166","display_name":"Journal of Applied Finance and Banking","issn_l":"1792-6599","issn":["1792-6599"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Applied Finance and Banking","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":9,"referenced_works":["https://openalex.org/W1565708325","https://openalex.org/W1970411547","https://openalex.org/W2000776953","https://openalex.org/W2059334100","https://openalex.org/W2096678292","https://openalex.org/W2136947318","https://openalex.org/W2143217859","https://openalex.org/W2263306231","https://openalex.org/W3015634246"],"related_works":["https://openalex.org/W7098057414","https://openalex.org/W3123779503","https://openalex.org/W2964178956","https://openalex.org/W2015089007","https://openalex.org/W1997455498","https://openalex.org/W2055313415","https://openalex.org/W2105178743","https://openalex.org/W7203958769","https://openalex.org/W1548070010","https://openalex.org/W3022841792"],"abstract_inverted_index":{"Given":[0],"the":[1,8,12,38,43,53,77,81,88,91,94,99,103,109,121,127,142,157,161,166,182,186,197],"financial":[2,69],"crisis":[3],"and":[4,23,47,64,102,191],"sharp":[5],"declines":[6],"in":[7,42,194],"housing":[9,45,100],"market":[10],"during":[11],"past":[13],"decade,":[14],"there":[15],"is":[16,172],"little":[17,118],"doubt":[18],"that":[19,32],"a":[20,153],"bubble":[21,46],"occurred":[22],"then":[24],"burst.":[25],"In":[26,106,145],"2009,":[27],"two":[28],"articles":[29],"were":[30,151],"published":[31],"argue":[33],"on":[34,76,98,120],"opposite":[35],"sides":[36],"of":[37,56,93,160,163,165,189,196],"Federal":[39,54,82],"Reserve\u201fs":[40,83],"role":[41],"recent":[44],"ensuing":[48],"crisis.":[49,122],"White":[50],"[16]":[51],"accuses":[52],"Reserve":[55],"public":[57],"policies":[58],"which":[59],"h":[60],"distorted":[61],"interest":[62,96,149],"rates":[63,97,137,150],"asset":[65],"prices,":[66],"ultimately":[67],"driving":[68],"institutions":[70],"into":[71],"unsustainable":[72],"positions.":[73],"Kirchner":[74],"[12],":[75],"other":[78],"hand,":[79],"defends":[80],"actions.":[84],"This":[85,179],"research":[86],"ends":[87],"debate":[89],"about":[90],"impact":[92],"mortgage":[95,112,131],"boom":[101],"economy\u201fs":[104],"collapse.":[105],"earlier":[107],"research,":[108],"30-year":[110],"conventional":[111],"rate":[113,130],"was":[114],"shown":[115],"to":[116,132,156],"have":[117],"bearing":[119],"The":[123],"current":[124],"study":[125],"uses":[126],"one-year":[128],"adjustable":[129],"test":[133],"whether":[134],"these":[135],"lower":[136],"had":[138],"more":[139],"influence":[140],"than":[141,175],"fixed-rate":[143],"mortgage.":[144],"all":[146],"final":[147],"models,":[148],"not":[152],"contributing":[154],"factor":[155],"bubble.":[158],"Because":[159],"co-dependence":[162],"many":[164,195],"factors,":[167],"structural":[168],"equation":[169],"modeling":[170],"(SEM)":[171],"used":[173],"rather":[174],"traditional":[176],"regression":[177],"analysis.":[178],"technique":[180],"addresses":[181],"difficulties":[183],"presented":[184],"by":[185],"high":[187],"levels":[188],"multi-co-linearity":[190],"autocorrelation":[192],"present":[193],"factors.":[198]},"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":3},{"year":2015,"cited_by_count":2}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2016-06-24T00:00:00"}
