Affordable Rental Housing: Making It Part of Europe’s Recovery PDF Download
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Author: Khalid ElFayoumi
Publisher: International Monetary Fund
ISBN: 151357020X
Category : Business & Economics
Languages : en
Pages : 97
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Book Description
Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.
Author: Khalid ElFayoumi
Publisher: International Monetary Fund
ISBN: 151357020X
Category : Business & Economics
Languages : en
Pages : 97
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Book Description
Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264488081
Category :
Languages : en
Pages : 132
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Book Description
The Danish economy has recovered quickly from the COVID-19 crisis. Rapid action to support firms and households contained the economic contraction to one of the mildest in Europe, while fast vaccine rollout enabled the removal of shutdown restrictions and an early reopening.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264533664
Category :
Languages : en
Pages : 123
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Book Description
OECD’s periodic surveys of the Norwegian economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.
Author: Ms. Laura Valderrama
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 47
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Book Description
European housing markets are at a turning point as the cost-of-living crisis has eroded real incomes and the surge in interest rates has made borrowers more vulnerable to financial distress. This paper aims to (i) shed light on the risks in European housing markets, (ii) quantify household vulnerabilties, (iii) assess banking sector implications and (iv) examine policies’ effectiveness using simulations based on microdata from the Household Finance and Consumption Survey (HFCS) and EU statistics on income and living conditions (EU-SILC). Under the baseline IMF macroeconomic forecast, the share of households that could struggle to meet basic expenses could rise by 10 pps reaching a third of all households by end 2023. Under an adverse scenario, 45 percent of households could be financially stretched, representing over 40 percent of mortgage debt and 45 percent of consumer debt. The impact on the banking sector seems contained under the baseline forecast, though there are pockets of vulnerability. A 20 percent house price correction could deplete CET1 capital by 100-300 basis points. Fiscal measures, such as subsidies to the bottom income tercile, could save 7 percent of households from financial distress at an estimated cost of 0.8 percent of GDP.
Author: John Stanley
Publisher: Edward Elgar Publishing
ISBN: 1803924063
Category : Political Science
Languages : en
Pages : 353
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Book Description
Urban planners in developed countries are increasingly recognizing the need for closer integration of land use and transport. However, this updated second edition of How Great Cities Happen explains how crises like climate change and the lack of affordable housing demonstrate the urgent need for a broader approach in order to create and sustain great cities. Offering innovative solutions to these contemporary challenges, the book examines emerging directions in strategic land use transport planning and analyses how cities function as a home for future generations and other species.
Author: Clinton Aigbavboa
Publisher: Springer Nature
ISBN: 3031224345
Category : Technology & Engineering
Languages : en
Pages : 817
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Book Description
This book gathers papers from the 12th Construction Industry Development Board (CIDB) Postgraduate Research Conference, which was held at the International Convention Centre, East London, Eastern Cape, South Africa, from July 10 to 12, 2022. The conference directly addresses the objectives of SDG9: “Building resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation”. Moreover, the conference is designed to promote capacity development and transformation within the built-environment space by providing an all-inclusive platform to established and emerging researchers to discuss the recent advancements needed to move the industry forward.
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 52
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Book Description
Republic of Croatia: Selected Issues
Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
Iceland: Selected Issues
Author: Francesco Beraldi
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 47
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Book Description
The COVID-19 pandemic further extended the multi-year housing boom in advanced economies and emerging markets alike against massive monetary easing during the pandemic. In this paper, we analyze the pricing-out phenomenon in the U.S. residential housing market due to higher house prices associated with monetary easing. We first set up a stylized general equilibrium model and show that although monetary easing decreases the mortgage payment burden, it would raise house prices, lower housing affordability for first-time homebuyers, and increase housing wealth inequality between first-time and repeat homebuyers. We then use the U.S. household-level data to quantify the effect of the house price change on housing affordability relative to that of the interest rate change. We find evidence of the pricing-out effect for all homebuyers; moreover, we find that the pricing-out effect is stronger for first-time homebuyers than for repeat homebuyers. The paper highlights the importance of accounting for general equilibrium effects and distributional implications of monetary policy while assessing housing affordability. It also calls for complementing monetary easing with well-targeted policy measures that can boost housing affordability, particularly for first-time and lower-income households. Such measures are also needed during aggressive monetary tightening, given that the fall in house prices may be insufficient or too slow to fully offset the immediate adverse impact of higher rates on housing affordability.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 151359348X
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
Europe Regional Economic Outlook, The European Recovery: Policy Recalibration and Sectoral Reallocation, October 2021
