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Policy Area Papers on Housing policy



Dissecting China’s Property Market Data Dissecting China’s Property Market Data
Meiping (Aggie) Sun, World Economics, March 2016
This paper analyses Chinese property market data to evaluate recent trends in the market and to make prognoses for the future. It considers whether or not the existence of high prices and at the same time an enormous rise in residential supply in terms of floor space un ... More


Korean Housing Finance, Household Debt, and Economic Growth Korean Housing Finance, Household Debt, and Economic Growth
Danny Leipziger, Jeehoon Park & Yoon-Shik Park, World Economics, September 2015
Governments around the world are confronted with the problem of stoking demand and re-firing growth. The Korean government has relied on making mortgage credit more readily available to boost the housing market and energize the economy. However, this policy exposes Kore ... More


Did increased inequality cause the Great Recession? Did increased inequality cause the Great Recession?
Tim Congdon, World Economics, September 2015
This paper considers the basis of the thesis of left-wing economist Thomas Piketty, the author of Capital in the Twenty-First Century, that “a market economy based on private property” has “powerful forces of divergence” which are likely to increase future inequality. A ... More


What Were the Causes of the Great Recession? What Were the Causes of the Great Recession?: The Mainstream Approach vs the Monetary Interpretation
Tim Congdon, World Economics, June 2014
Two ways of thinking about the causation of the Great Recession are contrasted: the ‘mainstream approach’ and the ‘monetary interpretation’. According to the mainstream approach, the Great Recession was due to the potential insolvency of the banking system and the corre ... More


Real Estate and the Great Financial Crisis Real Estate and the Great Financial Crisis
Richard Barkham, World Economics, September 2013
Politicians and macro policymakers have identified regulatory weakness in the banking sector as the key cause of the Great Financial Crisis (GFC). This allows the easy apportionment of blame and the straightforward, if painful, reforms to banks’ operating procedures. In ... More


Owner-occupiers and the Price Index Owner-occupiers and the Price Index
Ralph Turvey, World Economics, September 2000
The treatment of owner-occupied dwellings in Consumer Price Indexes varies between countries and is the subject of continuing controversy. Ralph Turvey explains the alternative possible treatments and reasons for disagreement.

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Housing in the South East of England Housing in the South East of England: Some issues raised by the Government’s plans
David Miles, World Economics, June 2000
Plans recently unveiled by the UK government will, if implemented, generate a
major increase in new housebuilding in one of the most crowded and congested
parts of the UK. The plans fail to take account of the impact on people living in
London and the Sou ... More