Corresponding author: Oscar Arce, CNMV, Research and Statistics Department, Calle Miguel Ángel 11, 28010 Madrid, Spain. Email: oarce@cnmv.es
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Banking Competition, Housing Prices and Macroeconomic Stability†
Article first published online: 8 AUG 2012
DOI: 10.1111/j.1468-0297.2012.02531.x
© 2012 The Author(s). The Economic Journal © 2012 Royal Economic Society
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How to Cite
Andrés, J. and Arce, O. (2012), Banking Competition, Housing Prices and Macroeconomic Stability. The Economic Journal, 122: 1346–1372. doi: 10.1111/j.1468-0297.2012.02531.x
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We are grateful to Larry Christiano, Giancarlo Corsetti, Giovanni Dell'Ariccia, Martin Ellison, Jordi Galí, Matteo Iacoviello, Juan F. Jimeno, Robert Kollman, David López-Salido, Caterina Mendicino, Gabriel Pérez-Quirós, José-Victor Ríos-Rull, Jesús Saurina, Carlos Thomas, Garry Young and seminar participants at the second International Conference on Macroeconomics at Fundación Rafael del Pino (Madrid), Bank of Spain, CCBS/WGEM workshop at Bank of England, Sveriges Riksbank workshop on ‘Household Indebtness, House Prices and the Economy’, EACBN/CREI conference on ‘Business Cycle Developments, Financial Fragility, Housing and Commodity Prices’, European Central Bank workshop on ‘Monetary policy transmission mechanism in the euro area in its first 10 years’ and, especially editor Andrew Scott and one anonymous referee for valuable comments. The opinions expressed here are solely those of the authors and do not necessarily reflect the views of the CNMV. Javier Andrés acknowledges financial support by CICYT grants ECO2008-04669 and ECO2011-29050.
Publication History
- Issue published online: 12 NOV 2012
- Article first published online: 8 AUG 2012
- Accepted manuscript online: 23 APR 2012 10:16AM EST
- Submitted: 28 June 2010 Accepted: 19 March 2012
- Abstract
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- Supporting Information
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Appendix A. Derivation of Lending Margins..
| Filename | Format | Size | Description |
|---|---|---|---|
| ECOJ_2531_sm_AppendixA-Rev.pdf | 52K | Supporting info item |
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