Current account dynamics and the housing cycle in Spain
نویسندگان
چکیده
منابع مشابه
Comments on Housing Price Booms and the Current Account∗
Adam et al. (2011) propose and analyze an interesting model of house price dynamics. It is pitched as an open economy model and used to study the relationship between aggregate debt and house prices. The model suggests a linkage between the current account and the value of the housing stock. The authors present some figures that motivate their analysis with the financial crisis an important com...
متن کاملthe study of bright and surface discrete cavity solitons dynamics in saturable nonlinear media
امروزه سالیتون ها بعنوان امواج جایگزیده ای که تحت شرایط خاص بدون تغییر شکل در محیط منتشر می-شوند، زمینه مطالعات گسترده ای در حوزه اپتیک غیرخطی هستند. در این راستا توجه به پدیده پراش گسسته، که بعنوان عامل پهن شدگی باریکه نوری در آرایه ای از موجبرهای جفت شده، ظاهر می گردد، ضروری است، زیرا سالیتون های گسسته از خنثی شدن پراش گسسته در این سیستم ها بوسیله عوامل غیرخطی بوجود می آیند. گسستگی سیستم عامل...
Technology shocks and current account dynamics
Despite success along some dimensions, international business cycle models have difficulty replicating several salient features of international capital flows among developed countries. In particular, net exports and current account balances are much more persistent in the data than in standard models. We account for this feature of the data with a simple onegood two-country model in which tech...
متن کاملARDL – Analysis of the Relationship among Exports, FDI, Current Account Deficit and Economic Growth in Pakistan
T his paper empirically examines the relationship among exports, foreign direct investment, current account deficit and economic growth in Pakistan during the period 1975-2016.We adopted the autoregressive distributed lag (ARDL) approach to co-integration together with ECM techniques to trace the long-run as well as the short-run relationships. The results demonstrate the existence o...
متن کاملThe drivers of housing cycles in Spain
In the last 15years, Spain has witnessed a large increase in housing prices and in the importance of the housing sector, which has refreshed the debate on the drivers of housing cycles. Since Spain joined the European Monetary Union (EMU), twomain important factors behind the housing boom appear to be the decrease of nominal interest rates due to the disappearance of currency risk premia, and d...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2018
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2018.05.007