looking at the effect of a reduction in the maximum loan-to-value (LTV) ratio on homeownership rates, house prices and housing … is initially loose, allowing households to lever up against the collateral value of their housing. A reduction in the LTV … is the fall in house prices and the greater is the rise in the share of constrained homeowners and housing wealth …

We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax …

This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … questions: i) How is homeownership and housing tenure distributed across the population along various socio …-economic characteristics such as income, wealth and age? What is the weight of housing in households’ balance sheets and how does this vary …

-based housing market model, calibrated using U.K. household survey data. We apply different Loan-to-Value (LTV) caps for different …-to-income ratios to move procyclically with the housing cycle. In line with the empirical literature, LTV caps in the model are overall … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing …