Showing 1 - 10 of 106
We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on … mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the …
Persistent link: https://www.econbiz.de/10010422334
Persistent link: https://www.econbiz.de/10009355417
In the last 15 years, Spain has witnessed a large increase in housing prices and in the importance of the housing … sector, which has refreshed the debate on the drivers of housing cycles. Since Spain joined the European Monetary Union (EMU … currency area with durable goods, using data for Spain and the rest of the EMU. We find that parameter estimates are similar to …
Persistent link: https://www.econbiz.de/10009355418
The weight of the housing tenancy market in Spain is very low. It is frequently argued that an ineffective judicial … the degree of inefficacy of the judicial system has a positive impact on the property share among provinces in Spain …
Persistent link: https://www.econbiz.de/10009618781
In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We rely on a regime-switching framework that identifies the housing price cycles of pairs of cities and simultaneously infers the evolving relation between those cycles. These...
Persistent link: https://www.econbiz.de/10014281325
Persistent link: https://www.econbiz.de/10010422263
This article analyzes changes in the occupational employment share in Spain for the period 1997 - 2012 and the way … contributed to explain the polarization process in Spain during the years of expansion (1997 - 2007) but it is a minor factor …
Persistent link: https://www.econbiz.de/10010422358
This article offers a narrative of the Spanish crisis building upon previous literature and the papers published in this issue. This narrative focuses on two main topics: (1) the reasons why the Spanish economy embarked in the expansionary/speculative path resulting in an over-accumulation of...
Persistent link: https://www.econbiz.de/10010422373
policy, in particular the short-time work policy (ERTE) in Spain. …
Persistent link: https://www.econbiz.de/10013326873
Persistent link: https://www.econbiz.de/10009355410