Arbeitspapier
Managing housing bubbles in regional economies under EMU: Ireland and Spain
With the advent of EMU monetary policy can no longer be used to prevent housing market bubbles in regional economies such as Ireland or Spain. However, fiscal policy can and should be used to achieve the same effect. This paper shows that the advent of EMU relaxed existing financial constraints in Ireland and Spain, allowing a more rapid expansion of the housing stock in those countries to meet their specific demographic circumstances. However, the failure to prevent these booms turning into bubbles did lasting damage to the two economies, damage that could have been avoided by more appropriate fiscal policy action.
- Sprache
-
Englisch
- Erschienen in
-
Series: ESRI Working Paper ; No. 315
- Klassifikation
-
Wirtschaft
- Thema
-
Eurozone
Immobilienmarkt
Immobilienpreis
Bubbles
Prognose
Irland
Spanien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Conefrey, Thomas
Gerald, John Fitz
- Ereignis
-
Veröffentlichung
- (wer)
-
The Economic and Social Research Institute (ESRI)
- (wo)
-
Dublin
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Conefrey, Thomas
- Gerald, John Fitz
- The Economic and Social Research Institute (ESRI)
Entstanden
- 2009
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