The Effects of Housing Prices and Monetary Policy in a Currency Union /
The recent boom-and-bust cycle in housing prices has refreshed the debate on the drivers of housing cycles as well as the appropriate policy response. We analyze the case of Spain, where housing prices have soared since it joined the EMU. We present evidence based on a VAR model, and we calibrate a...
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| Diğer Yazarlar: | |
| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 2011/006 |
| Online Erişim: | Full text available on IMF |