Monetary policy remains immersed in an intense battle to stem inflation. We are seeing a quick succession of interest rate increases and, consequently, raising eurozone borrowing rates across the board. Credit has already contracted, and the cost of debt has increased, but the duration of the tightening cycle remains unclear as monetary authorities have signaled that their policy approach remains conditional upon the path of inflation.
Spanish youth face significantly more difficulties accessing affordable housing than is the case in other European countries –a situation which has worsened in recent years. The main factor appears to be the shortage of rental housing, suggesting that policies should be geared towards promoting supply in that segment of the market, rather than acting in an untargeted manner or supporting demand.
China's debt has been rising dramatically over the past decade. Some are arguing that this represents a risk for its own stability and that, ultimately, considering China's size, a bursting of the debt bubble could trigger a new episode of global financial stress.
El objetivo de este trabajo es analizar la posición de los jóvenes ante el mercado inmobiliario en compa- ración con otros países de nuestro entorno, y examinar brevemente algunas iniciativas que podrían ayudar a mejorar la situación.