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Real estate in the Netherlands : a taxonomy of risks and policy challenges

Geis, André; Luca, Oana - 2021

Soaring real estate prices and valuations despite the economic downturn brought by the pandemic have focussed the attention of Dutch policymakers on potential macro-financial and socio-economic implications. In this context, our paper reviews the salient features of Dutch commercial and...

Persistent link: https://www.econbiz.de/10012605499

The anatomy of the transmission of macroprudential policies

Acharya, Viral V.; Bergant, Katharina; Crosignani, Matteo; … - 2020

-a?ect residential mortgage credit and house prices as well as other asset classes not directly targeted by the limits. Supervisory loan … level data suggest that mortgage credit is reallocated from low-to high-income borrowers and from urban to rural counties …

Persistent link: https://www.econbiz.de/10012251338

A European minimum wage : implications for poverty and macroeconomic imbalances

Detragiache, Enrica; Ebeke, Christian; Jirasavetakul, … - 2020

A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits...

Persistent link: https://www.econbiz.de/10012251363

Stabilizing China's housing market

Koss, Richard A.; Shi, Xinrui - 2018

macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal …

Persistent link: https://www.econbiz.de/10012252749

The costs of macroprudential deleveraging in a liquidity trap

Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2020

We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...

Persistent link: https://www.econbiz.de/10012251966

Price expectations and the U.S. housing boom

Towbin, Pascal; Weber, Sebastian - 2015

, housing demand, and mortgage rate shocks. House price expectation shocks are the most important driver of the boom and account …

Persistent link: https://www.econbiz.de/10011373920

Household deleveraging and saving rates : a cross-country analysis

Bouis, Romain - 2021

Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship...

Persistent link: https://www.econbiz.de/10012796301

The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth : A Survey of Selected Mena Countries

Nothaft, Frank E. - 2002

This paper argues that making affordable home mortgage loans available to a large cross section of the population will … and mortgage markets in selected Middle East and North Africa (MENA) countries (Algeria, Egypt, Jordan, Morocco, and … growth of alleviating housing shortages by improving access to mortgage financing …

Persistent link: https://www.econbiz.de/10014400057

Das House-Kapital : a long term housing & macro model

Grossmann, Volker; Steger, Thomas M. - 2017

There are, by now, several long term, time series data sets on important housing and macro variables, such as land prices, house prices, and the housing wealth-to-income ratio. However, an appropriate theory that can be employed to think about such data and associated research questions has been...

Persistent link: https://www.econbiz.de/10011670494

Global Housing Cycles

Igan, Deniz - 2012

Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....

Persistent link: https://www.econbiz.de/10014395703