modification scheme should address both issues. Given the key role foreclosures play in the adverse housing market dynamics, and … that the key problem is a combination of negative housing equity and unaffordable debt service, and a successful loan …

serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing … growth of alleviating housing shortages by improving access to mortgage financing. …

The responsiveness of housing supply to changes in prices bears important implications for the evolution of housing … prices and the speed of adjustment of housing markets. This paper estimates the long-run price elasticity of new housing … supply in 21 OECD countries based on a stock-flow model of the housing market estimated within an error correction framework …

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. Empirical analysis shows that house price dynamics are mostly …