Alcidi, Cinzia. and Gros, Daniel. (2012) The Spanish hangover. CEPS Policy Brief No. 267, April 2012. [Policy Paper]
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Abstract
Spain faces high unemployment and slow growth. This paper focuses on an important source of those problems, namely its housing market. While some adjustment has occurred since Spain's housing bubble burst in 2008, the authors find that house prices and construction need to decrease more to slow Spain's unsustainable accumulation of foreign debt.
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Item Type: | Policy Paper |
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Subjects for non-EU documents: | Countries > Spain EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance |
Subjects for EU documents: | UNSPECIFIED |
EU Series and Periodicals: | UNSPECIFIED |
EU Annual Reports: | UNSPECIFIED |
Series: | Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs |
Depositing User: | Phil Wilkin |
Official EU Document: | No |
Language: | English |
Date Deposited: | 24 Apr 2012 13:12 |
Number of Pages: | 5 |
Last Modified: | 24 Apr 2012 13:12 |
URI: | http://aei.pitt.edu/id/eprint/34719 |
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