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The real estate sector and the financial crisis: the Spanish experience

In: Financial Cycles and the Real Economy

Author

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  • Eloisa Ortega
  • Juan Pe-alosa

Abstract

What is the link between the financial cycle – financial booms, followed by busts – and the real economy? What is the direction of this link and how salient is this connection? This unique book examines these fundamental questions and offers a paramount contribution to the debate surrounding the recent financial and economic crisis.

Suggested Citation

  • Eloisa Ortega & Juan Pe-alosa, 2014. "The real estate sector and the financial crisis: the Spanish experience," Chapters, in: Ewald Nowotny & Doris Ritzberger-Grünwald & Peter Backé (ed.), Financial Cycles and the Real Economy, chapter 10, pages 171-184, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15914_10
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    References listed on IDEAS

    as
    1. Edward E. Leamer, 2007. "Housing is the business cycle," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 149-233.
    2. repec:bde:journl:v:10:y:2013:p:12 is not listed on IDEAS
    3. Juan Ayuso, 2013. "An analysis of the situation of lending in Spain," Economic Bulletin, Banco de España, issue OCT, pages 19-35, October.
    4. Luis Ángel Maza & Juan M.ª Peñalosa, 2011. "The residential investment adjustment in Spain: the current situation," Economic Bulletin, Banco de España, issue JAN, pages 91-104, January.
    5. José Manuel Marqués & Luis Ángel Maza & Margarita Rubio, 2010. "A comparison of recent real estate cycles in Spain, the United States and the United Kingdom," Economic Bulletin, Banco de España, issue JAN, pages 93-104, January.
    6. Luis Julián Álvarez & Alberto Cabrero, 2010. "The cyclical behaviour of residential investment: some stylised facts," Economic Bulletin, Banco de España, issue JUL, pages 124-130, July.
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