Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/200067 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
IWH Discussion Papers No. 17/2018
Versionsangabe: 
This Version: June 2019
Verlag: 
Leibniz-Institut für Wirtschaftsforschung Halle (IWH), Halle (Saale)
Zusammenfassung: 
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.
Schlagwörter: 
housing consumption
macroprudential policies
LTV/LTI regulation
JEL: 
D14
D31
D91
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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