Spain and the crisis: housing prices, credit, and macroprudential policies
In this paper, we propose a two-country, two sector monetary union DSGE model with housing. One of the countries is calibrated to represent the Spanish economy while the other one is the rest of the European monetary union. First, we illustrate how looser credit conditions coming from the Euro area,...
| Main Authors: | , |
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| Format: | Article |
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World Scientific Publishing
2017
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| Online Access: | https://eprints.nottingham.ac.uk/30291/ |