Calmfors, Lars; Corsetti, Giancarlo; Honkapohja, Seppo; … - In: EEAG Report on the European Economy (2005) 03, pp. 102-112
This chapter considers recent developments of house prices in different European countries. There has been widespread worry that house prices might collapse as happened in Japan, the United Kingdom and the Nordic countries in the early 1990s. The country experiences in the last ten years are far...