André, Christophe; García, Clara - Economics Department, Organisation de Coopération et … - 2012
The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing … line with the model estimates. Housing market volatility is exacerbated by fluctuations in the wider economy, which given … its size and openness is vulnerable to external shocks. Structural features of the housing market also make it prone to …