1. The Housing Sector, Interest Rates and Unemployment Examined
... are widely spread from Sydney to Stockholm. House prices have risen by 18% in the UK and in Australia by 17% over the year. Khatri (2003) analyzes real house price movements across 14 out of the 15 European Union (EU) nations over the five year period 1997-2002 in relation to variations in unemployment, real interest rates and real compensation of employees. Across Europe as ... an annual average rate of 13.7% pa. Over the same period, there has been a decline in unemployment rates across almost all countries except Greece. The largest falls are recorded in Ireland and Spain, the countri...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate