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A tail of two countries

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  • Alan Ahearne
  • Juan Delgado
  • Jakob von Weizsäcker

Abstract

The outlook for two of the euro areas best performing economies to date, Ireland and Spain, has darkened dramatically recently amid severe downturns in housing markets. What do these countries experiences tell us about the functioning of EMU?Bruegels new policy brief A Tail of Two Countries examines the behaviour of housing markets in Ireland and Spain during EMU and considers what features and policies may have facilitated the overheating of...

Suggested Citation

  • Alan Ahearne & Juan Delgado & Jakob von Weizsäcker, 2008. "A tail of two countries," Policy Briefs 6, Bruegel.
    • Handle: RePEc:bre:polbrf:6
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    References listed on IDEAS

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    1. Gianmarco I. P. Ottaviano & Giovanni Peri, 2021. "Rethinking The Effect Of Immigration On Wages," World Scientific Book Chapters, in: Firms and Workers in a Globalized World Larger Markets, Tougher Competition, chapter 9, pages 245-290, World Scientific Publishing Co. Pte. Ltd..
    2. Saiz, Albert, 2007. "Immigration and housing rents in American cities," Journal of Urban Economics, Elsevier, vol. 61(2), pages 345-371, March.
    3. Paul van den Noord, 2005. "Tax Incentives and House Price Volatility in the Euro Area: Theory and Evidence," Economie Internationale, CEPII research center, issue 101, pages 29-45.
    4. Alan Ahearne & Brigit Schmitz & Jürgen von Hagen, 2007. "Current Account Imbalances in the Euro Area (draft version)," CASE Network Studies and Analyses 0345, CASE-Center for Social and Economic Research.
    5. Miller, Marcus & Sutherland, Alan, 1991. "The "Walters Critique" of the EMS--A Case of Inconsistent Expectations?," The Manchester School of Economic & Social Studies, University of Manchester, vol. 59(0), pages 23-37, Supplemen.
    6. Simonetta Longhi & Peter Nijkamp & Jacques Poot, 2005. "A Meta‐Analytic Assessment of the Effect of Immigration on Wages," Journal of Economic Surveys, Wiley Blackwell, vol. 19(3), pages 451-477, July.
    7. George J. Borjas, 2021. "The Labor Demand Curve Is Downward Sloping: Reexamining The Impact Of Immigration On The Labor Market," World Scientific Book Chapters, in: Foundational Essays in Immigration Economics, chapter 9, pages 235-274, World Scientific Publishing Co. Pte. Ltd..
    8. Vines, David & Wren-Lewis, Simon & Kirsanova, Tatiana, 2006. "Fiscal Policy and Macroeconomic Stability Within a Currency Union," CEPR Discussion Papers 5584, C.E.P.R. Discussion Papers.
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    Citations

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    Cited by:

    1. Bas van Aarle & Joris Tielens & Jan Van Hove, 2015. "The financial crisis and its aftermath: the case of Ireland," International Economics and Economic Policy, Springer, vol. 12(3), pages 393-410, September.
    2. Zsolt Darvas, 2011. "Exchange Rate Policy and Economic Growth after the Financial Crisis in Central and Eastern Europe," Working Papers 1103, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    3. Alan Ahearne & Herbert Brücker & Zsolt Darvas & Jakob von Weizsäcker, 2009. "Cyclical dimensions of labour mobility after EU Enlargement," Working Papers 305, Bruegel.
    4. Zsolt Darvas, 2010. "Facts and Lessons from Euro Area Divergences for Enlargement," Chapters, in: Ewald Nowotny & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), The Euro and Economic Stability, chapter 12, Edward Elgar Publishing.
    5. Zsolt Darvas, 2020. "Resisting deglobalisation- the case of Europe," Working Papers 34524, Bruegel.
    6. Zsolt Darvas, 2009. "The Baltic Challenge and Euro-Area Entry," Policy Contributions 357, Bruegel.

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