Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/182446
Authors: 
Xiong, Qizhou
Mavropoulos, Antonios
Year of Publication: 
2018
Series/Report no.: 
IWH Discussion Papers 17/2018
Abstract: 
In this paper, we use the panel of the first two waves of the Household Finance and Consumption Survey by the European Central Bank to study housing demand of European households and evaluate potential housing market regulations in the post-crisis era. We provide a comprehensive account of the housing decisions of European households between 2010 and 2014, and structurally estimate the housing preference of a simple life-cycle housing choice model. We then evaluate the effect of a tighter LTV/LTI regulation via counter-factual simulations. We find that those regulations limit homeownership and wealth accumulation, reduces housing consumption but may be welfare improving for the young households.
Subjects: 
housing consumption
macroprudential policies
LTV/LTI regulation
JEL: 
D14
D31
D91
Document Type: 
Working Paper

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