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The Spanish hangover. CEPS Policy Brief No. 267, April 2012

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
    Subjects for non-EU documents: Countries > Spain
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    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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