Stephens, M. (2012) Tackling housing market volatility in the UK. Part I: Long- and short-term volatility. International Journal of Housing Policy, 12(3), pp. 367-380. (doi: 10.1080/14616718.2012.709674)
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Abstract
The UK housing market has exhibited persistent price volatility over the past 40 years, which has deleterious social and economic consequences. This is the first of two papers to synthesise the work of the Joseph Rowntree Foundation's Housing Market Taskforce that was established to identify long-term solutions to tackle, first, the root causes of volatility and, second, to provide better protection for households from its consequences. This paper deals with the first of these issues. It argues that there is a need to improve housing supply to tackle volatility in the long run, but that that counter-cyclical policies are also required to tackle volatility in the short run.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Stephens, Professor Mark |
| Authors: | Stephens, M. |
| College/School: | College of Social Sciences > School of Social and Political Sciences > Urban Studies |
| Journal Name: | International Journal of Housing Policy |
| Publisher: | Routledge |
| ISSN: | 1949-1247 |
| ISSN (Online): | 1949-1255 |
| Published Online: | 10 September 2012 |
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