Динамика на жилищните цени и макроикономическите им ефекти – данни от България
House Price Dynamics and Their Macroeconomic Impact - Data from Bulgaria

Author(s): Hristo Mavrov
Subject(s): National Economy
Published by: Икономически университет - Варна
Keywords: Consumption; GDP; House price dynamics; Inflation; Unemployment
Summary/Abstract: The purpose of the paper is to show the importance of the housing market for the stability of the macroeconomy. The AD-AS model is used as a theoretical framework to illustrate the possible mechanisms for transferring the impact of the housing market on the macroeconomy. Based on data from Bulgaria the house price dynamics over the business cycle is being studied. In addition to this a research is done on the relationship between housing prices and consumption, GDP, inflation and unemployment.

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