House price distortions slow European growth – Estonian paper

housing5

Misalignments in house prices have slowed economic growth in several European countries, a working paper by the Estonian central bank finds.

In House price misalignments and economic growth in Europe, Juan Carlos Cuestas, Merike Kukk and Natalia Levenko look at data from 20 European Union countries from 2004 to 2018. They attempt to estimate the long-term relationship between house prices and a range of economic fundamentals in these countries.

Income has been the main fundamental factor

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: