Funke, Michael; Mihaylovski, Petar; Wende, Adrian - In: De Economist 169 (2021) 4, pp. 445-467
We examine whether regionally differentiated macroprudential policies can address financial stability concerns and moderate house price differences in the UK. We disaggregate both the household sector and the housing stock in a two-region DSGE model with out of sync subnational housing markets...