Resources > Economic Papers

Market Oracle

• Housing Market Worst Since 1978- Heading for April Apocalypse?
• UK House Prices Plunge Over the Cliff

ResearchRecap

• OECD Raises Estimate of Subprime Losses to $422 billion

David K Miles & Melanie Baker, Morgan Stanley

• UK Economics - UK Housing: How Did We Get Here (PDF - 149kb)

Andrew Oswald, Professor of Economics, Warwick University

• Nov 2004 - The Case For a Healthier Rental Sector (PDF - 16kb)
• Aug 2004 - Zero Gravity (PDF - 10kb)
• Jan 2004 - Housing, Again (PDF - 23kb)
• Dec 2003 - Debt & Doom (Word - 22kb)
• Nov 2002 - The Great 2003-2005 House Price Crash in Britain's Housing Market (PDF - 54kb)

Andrew Farlow, Department of Economics, Oxford University

• Jun 2005 - Housing, consumption and the economy: Why do house prices become misaligned, and what are the consequences (PPT - 2.30Mb)
• Jan 2005 - UK House Prices, Consumption and GDP in a Global Context (PPT - 430kb)
• Jan 2005 - UK House Prices: Consumption and GDP, in a Global Context (PDF - 833kb)
• Jan 2004 - UK House Prices: A Critical Assessment (PDF - 1.87mb)
• Jan 2004 - The UK Housing Market: Bubbles and Buyers (PDF - 429kb)
• Nov 2002 - The UK House Price Bubble (PDF - 112kb)

Royal Institution of Chartered Surveyors (RICS)

• RICS monthly housing market surveys

Bryan Kavanagh - Land Values Research Group (LVRG)

• The Importance of a Formula
• Unlocking the Riches of Oz

David Goldfinch

• The model of the property cycle (PDF - 78kb)

James Carrick - Chief UK Economist - ABN Amro

• Oct 2005 - False alarm (PDF - 257kb)
• May 2005 - Divine comedy (PDF - 209kb)
• May 2004 - The Bends (PDF - 232kb)

Center for Economic and Policy Research

• Nov 2005 - Will a Bursting Bubble Trouble Bernanke? (PDF - 84kb)

Gavin Cameron, John Muellbauer and Anthony Murphy

• Mar 2006 - The UK House Price Bubble Illusion (PDF - 14kb)
• Mar 2006 - Was There A British House Price Bubble? (PDF - 275kb)

Economist - excellent news articles

• Jun 2006 - Priced to Perfection: An overvalued market is vulnerable to higher interest rates
• Jun 2005 - The global housing boom: In come the waves
• Jun 2005 - House prices: After the fall
• Mar 2003 - House of Cards

Alex Hamilton - Dissertation for MA Property Valuation and Law degree

• Asset price bubbles and manias. How much was the property boom driven by collective psychology and herding behaviour?

Ludwig von Mises Institute

• Money, Banking and the Federal Reserve (VIDEO) - An interesting 40 minute video about inflation, fractional reserve banking and the gold standard. Please note that the video is very far from being a non-partisan account by independent documentary makers.
• What You Should Know About Inflation (PDF)
• What you Should Know About Inflation (Audio mp3 - 22mins)
  
  You can find out more about the Ludwig von Mises Institute on Wikipedia.

Robin F Martin

• The Baby Boom: Predictability in House Prices and Interest Rates

MyFinances.co.uk

• Jul 2005 - Don't believe the hype - house prices are falling

Money Week

• Jul 2006 - Why housing wealth is an illusion
• Aug 2005 - Bust will follow boom – but when?

Residential Property Investment Management

• Summer 2005 - Research Bulletin (PDF 112kb)