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A Tale of Two Countries. Bruegel policy brief 2008/04, June 2008

Ahearne, Alan and Delgado, Juan and von Weizsacker, Jakob. (2008) A Tale of Two Countries. Bruegel policy brief 2008/04, June 2008.

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Abstract

Summary. The outlook for two of the euro area’s best performing economies to date, Ireland and Spain, has darkened dramatically recently amid severe downturns in housing markets. What do these countries’ experiences tell us about the functioning of EMU? Bruegel’s new policy brief ‘A Tail of Two Countries’ examines the behaviour of housing markets in Ireland and Spain during EMU and considers what features and policies may have facilitated the overheating of housing markets in these countries. It also discusses the role of large migration flows in spurring growth in housing.

Item Type:Policy Paper
Public Domain:No
Refereed:No
Status:Published
Authors, Individual:Ahearne, Alan and Delgado, Juan and von Weizsacker, Jakob.
Title:A Tale of Two Countries. Bruegel policy brief 2008/04, June 2008
Language:English
Journals and Series:Series > Bruegel (Brussels) > Policy Briefs
Pages:8
Month:June
Year:2008
Subjects:Countries > Ireland
Countries > Spain
EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
Keywords:Migration.
Alternative Locations:http://aei.pitt.edu/secure/00008349/01/PB200804.pdf
ID Code:8349
Deposited By:Wilkin, Phil
Deposited On:10 June 2008