Discussion: Macroeconomics
The Great American Housing BubbleThis EIA uses the housing bubble between 2000 and2006 to explain the role of expectations in determining asset prices.
1. What is a "housing bubble"?
2. What evidence was cited by those who did not believe there was a housingbubble in 2005?
3. What role do you think this played in the financial collapse of 2008/9?