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|c 5.00 USD
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|z 9781498317825
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|a 1934-7685
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
|b European Dept.
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|a Belgium :
|b Selected Issues.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
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| 300 |
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|a 1 online resource (42 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This Selected Issues paper illustrates the recent evolution in Belgian housing prices. Belgian housing prices peaked at the end of 2013 after a persistent increase that was almost continuous for 30 years. The stabilization of prices, combined with policy changes on the fiscal and macro-prudential fronts, raises the question how housing prices are likely to evolve and how a price decline would affect the Belgian economy. The paper assesses the risk of a rapid price correction and the potential repercussions for the real economy. It also argues that an orderly and limited decline in housing prices-coupled with a marginal negative effect on the real economy-is the most plausible scenario.
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| 538 |
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2015/071
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2015/071/002.2015.issue-071-en.xml
|z IMF e-Library
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