The Drivers of Housing Cycles in Spain /

Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal interest rates and demographic factors. In this paper we estimate a New Keynesian model of a currency area, using data for Spain and the rest of the EMU to study the importance of thos...

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Detalles Bibliográficos
Autor Principal: Rabanal, Pau
Outros autores: Aspachs-Bracons, Oriol
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/203
Acceso en liña:Full text available on IMF

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