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The Spanish Hangover

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Author Info

  • Gros, Daniel
  • Alcidi, Cinzia

Abstract

Spain faces high unemployment and slow growth. This paper focuses on an important source of those problems, namely its housing market. While some adjustment has occurred since Spain's housing bubble burst in 2008, the authors find that house prices and construction need to decrease more to slow Spain's unsustainable accumulation of foreign debt.

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File URL: http://www.ceps.eu/system/files/book/2012/04/PB267%20CA%20%2526%20DG%20Spanish%20Overhang.pdf
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Bibliographic Info

Paper provided by Centre for European Policy Studies in its series CEPS Papers with number 6836.

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Length: 5 pages
Date of creation: Apr 2012
Date of revision:
Handle: RePEc:eps:cepswp:6836

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Cited by:
  1. Smeets, Heinz-Dieter, 2012. "Zum Stand der Staatsschuldenkrise in Europa," DICE Ordnungspolitische Perspektiven 30, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).

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