This paper investigates the direct effect on household debt of macroprudential borrowerbasedmeasures, namely Loan to Income (LTI) and Loan to Value (LTV) limits. The analysis focuses on the Netherlands, in a period characterized by growing vulnerabilities from the housing market and changes in...

We analyze the impact of the introduction of a Loan-to-Value (LTV) limit in The Netherlands on the probability for first time buyers to become homeowner using a duration model. Our research design is underpinned by a theoretical model that shows that a lower LTV limit results in suspending or...

Investing in housing could be an attractive alternative to privately saving for a pension, definitely so for those who are not obliged to save for an occupational pension, the self-employed for instance. But access to the housing market requires a down payment. Macroprudential measures, such as...