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 …

This paper presents a complex, modular, 1:1 scale model of the Hungarian residential housing market. All the 4 million … and Customs Administration and the largest real estate agencies. The model features transactions in the housing and rental … mar‐ kets, a construction sector, buy‐to‐let investors, housing loans, house price dynamics and a procyclical banking …

paper estimates long-term elasticities of housing supply to prices in OECD countries before exploring their drivers with a …

household indebtedness and housing price fluctuations compared with a monetary policy rule augmented with house price inflation … houses and we introduce news shocks on housing demand. We estimate the model with Canadian data using Bayesian methods. We … find that the introduction of news shocks can generate a housing market boom-bust cycle, the bust following unrealized …

market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical … conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing … usually caused by falling housing prices. Often the authors find that an initial crisis can leave firms in a fragile state. If …

We study the house price recovery in the U.S. single-family residential housing market since the outbreak of the … mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using … affected investors' access to residential properties, we estimate that the increasing presence of institutions in the housing …

We explore a mostly undocumented but important dimension of the housing market crisis: the role played by real estate … delinquencies, by real estate investors. In states that experienced the largest housing booms and busts, at the peak of the market … important implications for policies designed to address the consequences and recurrence of housing market bubbles. -- mortgages …