Title page for E-project-032209-093243

Project Type	IQP
Submission date	2009-03-22
Author	Xiaohui Feng, MG
URN	E-project-032209-093243
Division	Economic Growth, Stability, and Development
Title	The Implications of Speculative Behavior in the Housing Market
Advisors	Gerstenfeld, Arthur, MG Radzicki, Michael J, SS
Availability	unrestricted
Abstract By looking at the current economic situation, the paper will explore the chain of events that occurred and stories of Americans that suffered from the turmoil. And then, the paper will discuss Hyman P. Minsky's Financial Instability Hypothesis, and how it could have justified the current crisis. The paper will use a methodology named causal-loop diagram to justify the argument that the system of housing market was inherent to instability, and the presence of speculative behavior in the market had caused such instability to become more severe and destructive. At last, the paper will make suggestions on what methodology the U.S. policy makers can use in dealing with the system's instability
Files	TheImplicationsofSpeculativeBehaviorInHousingMarket

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