ERES:conference

Despite convergence pressures, differences in housing and financial market institutions across the 15 member states of the European Union are still enormous. This paper argues that they have profound effects on the responsiveness of output and inflation in the different countries to changes in...

R<sc>euschke</sc> D. and M<sc>aclennan</sc> D. Housing assets and small business investment: exploring links for theory and policy, <italic>Regional Studies</italic>. Housing market activity and firm formation are both positively correlated with the business cycle, and the levels of mortgage lending to business owners and funding...