Research

How did the housing bubble affect the subprime crisis?

Robert J. Shiller — December 2008

Read an excerpt from Robert Shiller's new book, The Subprime Solution, in which he explores what the Case-Shiller Home Price Indices reveal about the housing price bubble and its role in the current financial turmoil.

SOM's Robert J. Shiller is the Arthur M. Okun Professor of Economics, Cowles Foundation for Research in Economics, at Yale University. His recent book, The Subprime Solution: How Today's Global Financial Crisis Happened, And What To Do About It, looks at the origin of the subprime crisis and offers solutions. Read a chapter from the book exploring the origin of the S&P Case-Shiller Home Price Indices and what the indices reveal about the housing price bubble and its role in the current global financial turmoil.


COPYRIGHT NOTICE: The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It is published by Princeton University Press and copyrighted, copyright 2008, by Princeton University Press. All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher, except for reading and browsing via the World Wide Web.