Author (Person) | Frale, Cecilia, Gros, Daniel |
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Publisher | Centre for European Policy Studies [CEPS] |
Series Title | CEPS Working Document |
Series Details | No.294,June 2008 |
Publication Date | 04/06/2008 |
Content Type | Journal | Series | Blog |
From Source URL click on 'Download the document (PDF) for FREE'. This paper estimates the impact of the ongoing housing bust and oil price boom on the US and European economies. It finds that large house price movements (changes in construction investment) are useful to predict exceptionally bad and good times for the US economy, but not for most large European countries. In Europe housing market developments have led to extreme values of GDP, mainly in the UK, Spain and some Nordic countries. |
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Source Link | Link to Main Source http://aei.pitt.edu/9318/2/9318.pdf |
Countries / Regions | Europe, United States |