Project

Resilient Households in Volatile Times: Interactions Between Macroeconomic Shocks, Housing Affordability, and Policy Responses

Code
bof/baf/4y/2024/01/961
Duration
01 January 2024 → 31 December 2025
Funding
Regional and community funding: Special Research Fund
Research disciplines
  • Social sciences
    • Consumption, saving, production, investment, labour markets and informal economy
    • Macroeconomic policy, macroeconomic aspects of public finance and general outlook
    • Monetary policy, central banking and the supply of money and credit
    • Prices, business fluctuations and cycles
Keywords
household finances macroprudential policy macroeconomic stability financial stability fiscal policy
 
Project description
This research project contributes to the literature on housing affordability in several ways. First, it examines the relationship between the ability to manage housing costs and the sensitivity of household consumption to macroeconomic shocks, providing insights into the connection between affordability and macroeconomic stability. Additionally, it analyzes potential side effects of macroprudential policy tools by evaluating their impact on housing affordability and household financial stability, with a particular focus on possible interactions with fiscal policy.