Archive for March, 2006
Y si estalla la burbuja, ¿qué hacemos? (What if the bubble bursts?), by Alan Ahearne and Juan Delgado.
There is no agreement among central banks on how to respond to the escalation of housing prices. The authors analyze the relation between monetary policy and the housing market. They foresee that the ECB is unlikely to respond to a possible burst of the housing bubble in Spain.