Housing market developments are in the spotlight in Europe. Over-stretched valuations amid tightening financial … macroprudential policy between ensuring financial system resilience and smoothing the macro-financial cycle. Against this backdrop …, this paper provides detailed considerations regarding how to (re)set macroprudential policy tools in response to housing …

We investigate the recent financial crisis with an emphasis on the interlock among housing, mortgage, and credit …

associated with either banking crises or housing crises. Using a parametric panel framework that allows for a bounce-back in the …. This bounce-back is absent following recessions associated with banking crises and housing crises. Consequently, the … permanent output losses of recessions associated with banking crises and housing crises are considerably larger than those of …

The elephant in the living room -- How government created the housing bubble -- The great Wall Street bailout -- How …