throughout 2020 reaching record
highs in most of EU member states
aggregate house...growth rates differed substantially across countries
Source: Eurostat, FRED
...
Session II House Prices and Macroprudential Policies
Chairman: Ján Tóth (National...Scatigna and Agne Subelyte (Bank
for International Settlements)
DETERMINANTS OF...
very slowly even as PPI inflation drops to negative in Q4 of 2022 (highlighted
green...shows the surge in PPI followed by a significant drop to negative rates in the...
ge
p
o
in
ts
Chart 3: Relationship between potential output loss and
house...Source: Potential output losses taken from Ball (2014) and National Bank of Croatia,...
