There is likely to be considerable cross- and within-region variation in housing wealth. This paper examines how housing wealth has varied in the United Kingdom over the boom and bust period of 1983-93. It also analyzes, for the period 1989-93, the relationship between housing wealth, household...

Despite convergence pressures, differences in housing and financial market institutions across the 15 member states of the European Union are still enormous. This paper argues that they have profound effects on the responsiveness of output and inflation in the different countries to changes in...

Over the last decade, the OECD economies, the affluent Asian economies and the transition states have mostly experienced significant upswings in house prices. Upswings have ended with the emergence of the credit crunch since 2007. Dominant policy concerns related to housing have been...

Despite convergence pressures, differences in housing and financial market institutions across the 15 member states of the European Union are still enormous. This paper argues that they have profound effects on the responsiveness of output and inflation in the different countries to changes in...

During the 1990s, as social housing throughout Europe experienced budget cuts, the British response involved adopting a more European approach. A market for social housing finance has been successfully created. Major contrasts with Europe remain, particularly the dominance of municipal housing....