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

Abstract:

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 tightly regulated. A sensibly regulated rental market and stable German house prices have combined to leave the rental sector with over half of tenures. Policy failures in the UK have resulted in widenin...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1177/002795011824500112

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
EMOD
Oxford college:
Keble College
Role:
Author
Publisher:
SAGE Publications Publisher's website
Journal:
National Institute Economic Review Journal website
Volume:
245
Issue:
1
Pages:
R20-R33
Publication date:
2018-07-31
Acceptance date:
2018-07-10
DOI:
EISSN:
1741-3036
ISSN:
0027-9501
Source identifiers:
905673
Keywords:
Pubs id:
pubs:905673
UUID:
uuid:cfdd7240-f01c-4b4f-87ea-bf6ebba660a2
Local pid:
pubs:905673
Deposit date:
2018-08-14

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