Housing, debt and the economy: a tale of two countries

In housing affordability levels and volatility, there could hardly be a greater contrast than between the UK and Germany. Differences in history, institutions and policies are explored in this paper. Residential housing supply has been far more expansionary in Germany and mortgage credit more tight...

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Hlavní autor: Muellbauer, J
Médium: Working paper
Vydáno: University of Oxford 2018