Modelling Cyclical Divergence in the Euro Area: The Housing Channel
After the launch of the single currency the euro exchange rate fell and interest rates had converged towards the (low) German level. These shocks have worked out differently for the small and large countries. Housing markets have acted as an important vehicle of transmission of these shocks onto eco...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2004
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| Schriftenreihe: | OECD Economics Department Working Papers
no.400 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | After the launch of the single currency the euro exchange rate fell and interest rates had converged towards the (low) German level. These shocks have worked out differently for the small and large countries. Housing markets have acted as an important vehicle of transmission of these shocks onto economic activity and inflation. Simulations with a stylised econometric model for the euro area economy, making a distinction between the small and large countries in terms of the estimated parameters, illustrate this mechanism ... |
| Beschreibung: | 1 Online-Ressource (20 p.) 21 x 29.7cm. |
| DOI: | 10.1787/710763183105 |
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| indexdate | 2024-11-26T14:55:55Z |
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| spelling | van den Noord, Paul VerfasserIn aut Modelling Cyclical Divergence in the Euro Area The Housing Channel Paul, van den Noord = Modélisation de la divergence conjoncturelle dans la zone euro : Le canal de transmission du logement / Paul, van den Noord Modélisation de la divergence conjoncturelle dans la zone euro Paris OECD Publishing 2004 1 Online-Ressource (20 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.400 After the launch of the single currency the euro exchange rate fell and interest rates had converged towards the (low) German level. These shocks have worked out differently for the small and large countries. Housing markets have acted as an important vehicle of transmission of these shocks onto economic activity and inflation. Simulations with a stylised econometric model for the euro area economy, making a distinction between the small and large countries in terms of the estimated parameters, illustrate this mechanism ... Economics European Union FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/710763183105 Volltext |
| spellingShingle | van den Noord, Paul Modelling Cyclical Divergence in the Euro Area The Housing Channel Economics European Union |
| title | Modelling Cyclical Divergence in the Euro Area The Housing Channel |
| title_alt | Modélisation de la divergence conjoncturelle dans la zone euro |
| title_auth | Modelling Cyclical Divergence in the Euro Area The Housing Channel |
| title_exact_search | Modelling Cyclical Divergence in the Euro Area The Housing Channel |
| title_full | Modelling Cyclical Divergence in the Euro Area The Housing Channel Paul, van den Noord = Modélisation de la divergence conjoncturelle dans la zone euro : Le canal de transmission du logement / Paul, van den Noord |
| title_fullStr | Modelling Cyclical Divergence in the Euro Area The Housing Channel Paul, van den Noord = Modélisation de la divergence conjoncturelle dans la zone euro : Le canal de transmission du logement / Paul, van den Noord |
| title_full_unstemmed | Modelling Cyclical Divergence in the Euro Area The Housing Channel Paul, van den Noord = Modélisation de la divergence conjoncturelle dans la zone euro : Le canal de transmission du logement / Paul, van den Noord |
| title_short | Modelling Cyclical Divergence in the Euro Area |
| title_sort | modelling cyclical divergence in the euro area the housing channel |
| title_sub | The Housing Channel |
| topic | Economics European Union |
| topic_facet | Economics European Union |
| url | https://doi.org/10.1787/710763183105 |
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