Publication
Jun 2008
This paper estimates the impact of the ongoing housing bust and oil price boom on the US and European economies. The authors find that large house price movements (change in construction investment) are useful to predict exceptionally bad and good times for the US economy, but not for most large European countries. In Europe housing market developments have led to extreme values of GDP, mainly in the UK, Spain and some Nordic countries.
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English (PDF, 20 pages, 327 KB) |
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Author | Cecilia Frale, Daniel Gros |
Series | CEPS Working Documents |
Issue | 294 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © Cecilia Frale & Daniel Gros, 2008 |