Research

 

The archive is a collection of work relating to the property market, composed of reports, academic papers, news articles and miscellaneous errata.


Bubble Research

Abraham, Jesse M. and Patric H. Hendershott. (1996). “Bubbles in Metropolitan Housing Markets,” Journal of Housing Research, Vol. 7, No. 2, pp. 191-207.
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Baker, Dean. (2002). “The Run-Up in Home Prices: Is it Real or Is it Another Bubble?,” Center For Economic and Policy Research, Washington D.C.
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Baker, Dean. (2003). “An Analysis of The Harvard Center’s Case Against the Housing Bubble,” Center For Economic and Policy Research, Washington D.C.
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Baker, Dean. (2004). “Bush’s House of Cards,” The Nation, 16th August.
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Baker, Dean. (2006). The Menace of an Unchecked Housing Bubble,” The Economists’ Voice, 30th March.
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Baker, Dean. (2009). Plunder and Blunder: The Rise and Fall of the Bubble Economy. Sausalito, CA: PoliPointPress.
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Baker, Dean. (2010). “The Right to Rent Plan,” Center For Economic and Policy Research, Washington D.C.
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Baker, Dean and David Rosnick. (2005). “Will a Bursting Bubble Trouble Bernanke? The Evidence for a Housing Bubble,” Center for Economic and Policy Research, Washington D.C.
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Bansak, Cynthia and Martha A. Starr. (2010). “Who pays the price when housing bubbles burst?,” Working Paper, American University.
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Bayer, Patrick, Christopher Geissler and James W. Roberts. (2011). “Speculators and Middlemen: The Role of Flippers in the Housing Market,” Working Paper, Duke University.
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Bezemer, Dirk J. (2009). “No One Saw This Coming: Understanding Financial Crisis Through Accounting Models,” Munich Personal RePEc Archive, 16th June.
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Case, Karl E. and Robert J. Shiller. (2003). “Is There A Bubble In The Housing Market?,” Cowles Foundation Paper No. 1089, Cowles Foundation For Research In Economics, Yale University.
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Galbraith, James K. (2009). “Who Are These Economists, Anyway?,” Thought & Action, 25: 85-97.
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Haines, Cabray L. and Richard J. Rosen. (2007). “Bubble, Bubble, Toil and Trouble,” Economic Perspectives, Federal Reserve Bank of Chicago, 31(1): 16-35.
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Hudson, Michael. (2006). “The New Road to Serfdom: An illustrated guide to the coming real estate collapse,” Harper’s Magazine, May.
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Hudson, Michael. (2010). “The Counter-Enlightenment: Its Economic Program And The Classical Alternative,” Progress, Autumn.
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Jimenez, Katherine. (2010). “Housing market a ‘time bomb’, says investment legend,” The Australian, 16th June.
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Kavanagh, Bryan. (2001). “The Coming Kondratieff Crash: Rent-seeking, income distribution & the business cycle,” Geophilos, 1(2): 84-93.
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Kavanagh, Bryan. (2007). “Unlocking the Riches of Oz: A Case Study of the Social and Economic Costs of Real Estate Bubbles 1972 to 2006,” Land Values Research Group, Melbourne.
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Kavanagh, Bryan. (2009). “Lifting the Lid on the GFC,” Land Values Research Group, Melbourne.
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Loungani, Prakash. (2010). “More Room to Fall? Prospects for House Prices in Major Economies,” National Economists Club, 27th May.
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Minack, Gerard. (2010). “Living in a Bubble,” Morgan Stanley Global Economic Forum, 17th August.
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Senate. (2008). “A good house is hard to find: Housing affordability in Australia,” Select Committee on Housing Affordability in Australia, 16th June.
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Solomon, Deborah. (2008). “Questions for James. K. Galbraith,” New York Times, 31st October.
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Real Estate Analysis

Abelson, Peter, Roselyne Joyeux, George Milunovich and Demi Chung. (2005). “House Prices in Australia: 1970 to 2003 Facts and Explanations, Working Paper, Macquarie University, Sydney.
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André, Christophe. (2010). “A Bird’s Eye View of OECD Housing Markets,” OECD Economics Department Working Papers No. 746, OECD Publishing.
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Birrell, Bob, Ernest Healy, Virginia Rapson and T. Fred Smith. (2012). “The End of Affordable Housing in Melbourne?,” Centre for Population and Urban Research, Monash University, Melbourne.
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Depken II, Craig A., Harris Hollans and Steve Swidler. (2010). “Flips, Flops and Foreclosures: Anatomy of a Real Estate Bubble,” Working Paper, Auburn University.
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Eichholtz, Piet M. A. (1997). “A Long Run House Price Index: The Herengracht Index, 1628-1973,” Real Estate Economics, 25(2): 175-192.
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Fisher, Chay and Christopher Kent. (1999). “Two Depressions, One Banking Collapse,” Research Discussion Paper, Reserve Bank of Australia.
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Leigh, Andrew. (2009). “How Do Stamp Duties Affect the Housing Market?,” Research School of Social Sciences, Australian National University, Canberra.
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Productivity Commission. (2004). “First Home Ownership,” Productivity Commission Inquiry Report, Melbourne.
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Quigley, John M. and Larry A. Rosenthal. (2005). “The Effects of Land Use Regulation on the Price of Housing: What Do We Know? What Can We Learn?,” Cityscape, 8(1): 69-137.
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Stapledon, Nigel D. (2007). “Long Term Housing Prices in Australia and Some Economic Perspectives,” PhD Thesis, University of New South Wales, Sydney.
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Stapledon, Nigel D. (2008). “Housing Prices in Australia 1901-2007: Macro-economic and other influences,” Draft, University of New South Wales, Sydney.
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Stapledon, Nigel D. (2009). “Housing and the Global Financial Crisis: US versus Australia,” The Economics and Labour Relations Review, 19(2): 1-16.
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Stapledon, Nigel D. (2010). “A History of Housing Prices in Australia 1880-2010,” School of Economics Discussion Paper, University of New South Wales, Sydney.
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Stapledon, Nigel D. (2012). “Historical Housing-Related Statistics for Australia 1881-2011 – A Short Note,” Australian School of Business Research Paper, University of New South Wales, Sydney.
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Thomson, Matt and Kam Ki Tang. (2004). “An Empirical Assessment of House Price Adjustments on Aggregate Consumption,” School of Economics, University of Queensland, Queensland.
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Worthington, Andrew C. (2011). “The quarter century record on housing affordability, affordability drivers, and government policy responses in Australia,” Research Paper, Griffith University, Queensland.
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Banking & Finance

Acharya, Viral V. and Matthew Richardson. (2009). “Causes of the Financial Crisis,” Critical Review, 21(2): 195-210.
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Berry, Mike, Tony Dalton and Anitra Nelson. (2010). Mortgage default in Australia: nature, causes and social and economic Impact, Australian Housing and Urban Research Institute, Melbourne.
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Ghent, Andra C. and Marianna Kudlyak. (2009). “Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States,” Working Paper 09-10R, Federal Reserve Bank of Richmond.
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Hudson, Michael. (2010). “The Transition from Industrial Capitalism to a Financialized Bubble Economy,” Working Paper No. 627, Levy Economics Institute of Bard College, New York.
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Hudson, Michael and Dirk Bezemer. (2012). “Incorporating the Rentier Sectors into a Financial Model,” World Economic Review, 1(1): 1-12.
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Keen, Steve. (1995). “Finance and economic breakdown: modeling Minsky’s “financial instability hypothesis”,” Journal of Post Keynesian Economics, 17(4): 607-635.
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Keen, Steve. (1997). “Economic Growth and Financial Instability,” PhD Thesis, University of New South Wales, Sydney.
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Keen, Steve. (2005). “Expert Opinion,” Court Case, 22nd December.
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Keen, Steve. (2009). “Bailing out the Titanic with a Thimble,” Economic Analysis & Policy, 39(1): 3-24.
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Keen, Steve. (2009). “Household Debt: The Final Stage in an Artificially Extended Ponzi Bubble,” The Australian Economic Review, 42(3): 347–357.
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Lea, Michael. (2010). “International Comparison of Mortgage Product Offerings,” Research Institute for Housing America, United States.
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Marco, Katrina Di, Mitchell Pirie and Wilson Au-Yeung. (2009). “A history of public debt in Australia,” Economic Roundup, 1: 1-15.
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Minsky, Hyman P. (1985). “The Legacy of Keynes,” The Journal of Economic Education, 16(1): 5-15.
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Minsky, Hyman P. (1992). “The Financial Instability Hypothesis,” Working Paper No. 74, Levy Economics Institute of Bard College, New York.
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Taleb, Nassim N. and Charles S. Tapiero. (2009). “Too Big to Fail, Too Big to Bear, and Risk Externalities,” Center for Risk Engineering, New York University Polytechnic Institute, New York.
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Wray, Randall. (2011). “Waiting for the next crash: the Minskyan lessons we failed to learn,” Real-World Economics Review, 58: 59-68.
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Taxation Policies

Abelson,Peter and Roselyn Joyeux. (2007). “Price and Efficiency Effects of Taxes and Subsidies for Australian Housing,” Draft, Macquarie University, Sydney.
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Access Economics. (2008). “Analysis of State Tax Reform,” April.
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Batt, H. William. (2012). “Tax Regimes That Don’t Invite Corruption,” International Journal of Transdisciplinary Research, 6(1): 65-82.
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Deloitte Access Economics. (2011). “2011 Analysis of State Tax Report”, 19th May.
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Disney, Julian. (2010). “Welfare for the wealthy,” ABC, 4th May.
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Dwyer, Terry. (2003). “The Taxable Capacity of Australian Land and Resources,” Australian Tax Forum, 18(1): 21-68.
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Eslake, Saul. (2011). “Billions in handouts but nothing gained,” Sydney Morning Herald, 16th March.
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Eslake, Saul. (2011). “Time to change the unfair rules for negative gearing,” Sydney Morning Herald, 25th April.
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Foldvary, Fred E. (2005). “Geo-Rent: A Plea to Public Economists,” Econ Journal Watch, 2(1): 106-132.
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Foldvary, Fred E. (2006). “The Ultimate Tax Reform: Public Revenue from Land Rent,” Civil Society Institute, Santa Clara University.
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Foldvary, Fred E. (2011). “Why Rent Matters: Explaining wage and output stagnation with the classical and neoclassical determination of wages and rent,” Department of Economics, Santa Clara University.
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Gurdgiev, Constantin. (2009). “Macroeconomic Case for a Land Value Tax Reform in Ireland,” Trinity College, Dublin.
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Kohler, Alan. (2004). “How tax system egged on property speculation,” Sydney Morning Herald, 29th June.
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KPMG. (2010). “CGE Analysis of the Current Australian Tax System, Final Report,” KPMG, Australia.
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Gaffney, Mason. (2009). “The hidden taxable capacity of land: enough and to spare,” International Journal of Social Economics, 36(4): 328-411.
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McAuley, Ian. (2009). “The Case for Restoring Capital Gains Tax Neutrality,” TaxWatch.
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O’Donnell, Jim. (2005). “Quarantining Interest Deductions for Negatively Geared Rental Property Investments,” eJournal of Tax Research, 3(1): 63-113.
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Prosper Australia. (2008). “Land Value Taxation,” Australia’s Future Tax System Review, 14th October.
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Smith, Julie P. (2000). “Land Value Taxation: A Critique Of ‘Tax Reform, A Rational Solution’,” Australian National University, Canberra.
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Yates, Judith. (2009). “Tax expenditures and housing,” Australian Housing and Urban Research Institute, Melbourne.
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