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empirical analyses to suggest how economic policies can enhance economic resilience by reducing housing-related risks through … macroprudential measures and housing market reforms (such as changes in rent regulation, taxation and land use policies). …Housing markets are large and highly volatile: they can thus create large macroeconomic risks. The current paper …
Persistent link: https://www.econbiz.de/10012111058
Following the global financial crisis, many countries have introduced or tightened macroprudential policies. Using an agentbased model (ABM), this paper seeks to measure the impact on house price cycles of two distinct borrower-based macroprudential instruments, namely loan-to-income and...
Persistent link: https://www.econbiz.de/10012017491
We develop an agent-based model of the UK housing market to study the impact of macroprudential policy experiments on … key housing market indicators. The heterogeneous nature of this model enables us to assess the effects of such experiments … on the housing, rental and mortgage markets not only in the aggregate, but also at the level of individual households and …
Persistent link: https://www.econbiz.de/10013289212
We develop an agent-based model of the UK housing market to study the impact of macroprudential policy experiments on … key housing market indicators. The heterogeneous nature of this model enables us to assess the effects of such experiments … on the housing, rental and mortgage markets not only in the aggregate, but also at the level of individual households and …
Persistent link: https://www.econbiz.de/10013406462
Persistent link: https://www.econbiz.de/10013347907
Economic development of countries, regions or entities operating on the market is possible when favourable economic conditions outweigh adverse conditions. Examining the development of European economy, it is possible to observe this regularity in the majority of periods, i.e. the bull market...
Persistent link: https://www.econbiz.de/10012176091
Persistent link: https://www.econbiz.de/10010402871
Persistent link: https://www.econbiz.de/10011670914
This paper builds a macro model with a financial sector and a housing market to understand the transmission and effects …. General shocks, where housing credit increases as a side effect of larger movements, might warrant the use of the CCyB or also …
Persistent link: https://www.econbiz.de/10012034723
Persistent link: https://www.econbiz.de/10011742800