Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/50134 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
ESRI Working Paper No. 315
Verlag: 
The Economic and Social Research Institute (ESRI), Dublin
Zusammenfassung: 
With the advent of EMU monetary policy can no longer be used to prevent housing market bubbles in regional economies such as Ireland or Spain. However, fiscal policy can and should be used to achieve the same effect. This paper shows that the advent of EMU relaxed existing financial constraints in Ireland and Spain, allowing a more rapid expansion of the housing stock in those countries to meet their specific demographic circumstances. However, the failure to prevent these booms turning into bubbles did lasting damage to the two economies, damage that could have been avoided by more appropriate fiscal policy action.
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
336.19 kB





Publikationen in EconStor sind urheberrechtlich geschützt.