| Description |
1 online resource (45 pages) |
| Series |
1\ IMF Working Papers, 1018-5941 |
|
IMF Working Papers; Working Paper ; No. 2023/043
|
| Summary |
We explore the differential effects of lender-based macroprudential policies on new mortgage borrowing for households of different income using a comprehensive dataset that links macroprudential policy actions with household survey data for European Union countries. The main results suggest that higher-income households on average experience a larger reduction in mortgage loan size than lower-income households when regulation targeting total lenders' assets tightens. In contrast, lower-income households on average experience a larger reduction in mortgage loan size than higher-income households when regulation targeting lenders' capital requirements tightens. We also provide evidence of the different channels through which the differential effects operate |
| Notes |
Description based on print version record |
| Form |
Electronic book
|
| Author |
Suofei
|
|
