House prices and macroeconomic implicationsCurrent Knowledge

  1. Michael White 1
  2. Paloma Taltavull de la Paz 2
  1. 1 Nottingham Trent University (UK)
  2. 2 Universidad de Alicante (España)
Revista:
Cuadernos económicos de ICE

ISSN: 0210-2633,  2340-9037

Año de publicación: 2015

Título del ejemplar: La vivienda tras la crisis finanaciera global: nueva visión viejos problemas

Número: 90

Páginas: 31-54

Tipo: Artículo

DOI: 10.32796/CICE.2015.90.6106 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Cuadernos económicos de ICE

Resumen

His paper contains a summary of the literature to frame and understand the reasons why the EU regulations such as the macroeconomic imbalance Procedure (miP) and the excessive imbalance Procedure (eiP) include changes in house prices as one of the 14 indicators of economic imbalances. It also discusses whether or not that indicator needs to be complemented to follow housing market dynamics. The paper explains how the housing market is related to real as well as financial markets and how, through the channels of transmission, house prices define the house price channel linking financial shocks with real shocks and create imbalances. A classification of imbalances is also provided in the literature discussed below.

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Fuente de los datos: Dialnet