Gazzani, Andrea, (2016), “News and noise in the housing market”, European Central Bank, Working Papers 1933/ Ιούλιος
During the last decades, the housing market has been recognized as a powerful source of instability for many economies around the world. The most striking examples are the US, Spain and Ireland. By taking a pure accounting view on US data, housing contributes to GDP in two basic ways: through private residential investment, 5% of GDP, and consumption spending on housing services, 12-13% of GDP, for a total 17-18%.
Σχετικές Αναρτήσεις
- Rünstler, Gerhard, Vlekke, Marente, (2016), “Business, housing and credit cycles”, European Central Bank, No 1915 / June 2016
- Persaud, Avinash, (2016), “Breaking the link between housing cycles, banking crises, and the recession”, Voxeu, 14 Απριλίου