Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/200067 
Year of Publication: 
2019
Series/Report no.: 
IWH Discussion Papers No. 17/2018
Version Description: 
This Version: June 2019
Publisher: 
Leibniz-Institut für Wirtschaftsforschung Halle (IWH), Halle (Saale)
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
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
970.08 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.