Unraveling the connections between macroprudential policy, housing affordability and household resilience. Ghent University
Even though owning a house is a life goal for many, providing lenient access to mortgage credit is not necessarily desirable from a macroeconomic viewpoint as the build-up of unsustainable household debt is detrimental to macroeconomic and financial stability. To prevent evolutions in the residential real estate market from causing widespread financial instability, macroprudential policies have been developed in the wake of the Global ...