Aspachs-Bracons, Oriol; Rabanal, Pau - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 101-130
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 …