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Extensive structural reforms since the early 1990s have strengthened the resilience of the Swedish economy to shocks. However, more needs to be done to better manage near-term risks and ensure that growth remains sustainable in the longer run. Reforming the housing market would reduce the risks...
Persistent link: https://www.econbiz.de/10011277020
We show that a contraction of mortgage supply after the Great Recession has increased housing rents. Our empirical …
Persistent link: https://www.econbiz.de/10012903460
The most frequent mortgage loans in the US behave according to nominal interest rates with level loan payments (NRMs … increase of real payments in the early years of the mortgage due to higher inflation (Lessard and Modigliani, 1975), causes …
Persistent link: https://www.econbiz.de/10013131594
Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing...
Persistent link: https://www.econbiz.de/10011441128
This paper examines housing affordability in Ireland by looking at the distribution of housing costs across households. Using microdata from the SILC survey over the period 2005-2015, the contribution of this paper is threefold. First, the paper considers the trends in the cost of housing in...
Persistent link: https://www.econbiz.de/10011862979
mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …
Persistent link: https://www.econbiz.de/10012197788
search and matching model where trading frictions in the mortgage, housing and labour markets interact with each other …. Precisely, the employment status affects the probability to get a mortgage. In turn, the granting or not of the mortgage affects … greater chance of getting a mortgage to buy a home. As a result, the positive correlation between the homeownership and …
Persistent link: https://www.econbiz.de/10012981831
This paper studies how mortgage borrowers and house prices react to a tightening of mortgage limits following a policy … leverage (LTV) of the mortgage. Using a difference-in-difference methodology, I find that groups of (poorer) borrowers, who …-to-value threshold, responded primarily by reducing the LTV of the mortgage. Borrowers who purchase cheaper houses could be buying …
Persistent link: https://www.econbiz.de/10014490418
The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing prices and investment recovered to reach new peaks. This paper uses a small econometric model to assess the role of fundamentals in housing price and investment developments....
Persistent link: https://www.econbiz.de/10009690120
This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second...
Persistent link: https://www.econbiz.de/10010464867