Evaluating heterogeneous effects of housing-sector-specific macroprudential policy tools on Belgian house price growth
This paper analyzes whether housing-related macroprudential policy has heterogeneous effects on house price growth in local housing markets. More specifically, we employ an extensive dataset of Belgian municipalities containing a multitude of drivers of local house price dynamics and examine the potential heterogeneity of housing-related macroprudential policy changes driven by local characteristics related to financial constrained and high-risk borrowers, the degree of local housing market activity, and changes in local household indebtedness. We find more dampening effects of the common macr... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2022 |
Verlag/Hrsg.: |
Brussels: National Bank of Belgium
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Schlagwörter: | ddc:330 / C22 / C23 / E58 / O18 / R3 / macroprudential policy / local housing markets / heterogeneity / dynamic panel data / quantile regressions |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28883197 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/273125 |