Household Indebtedness, House Prices and the Economy
In the last few decades, house prices have undergone major medium-run fluctuations in many industrialized economies. Boom-bust cycles in house prices, coupled with a substantial increase in household indebtedness, have drawn the attention of policymakers and academics towards the developments in housing markets and their impact on economic activity and financial stability. In that context, the aim of this workshop is to discuss recent swings in house prices and the increasing indebtedness of households, and their impact on the economy. We are interested both in theoretical and empirical work addressing the following topics: (i) household finance and the determinants of household indebtedness, (ii) credit markets, institutional change, and household indebtedness, (iii) household indebtedness, housing markets, and their implications for economic activity and financial stability, (iv) the impact of household indebtedness and housing markets on monetary policy. To address the last topic, we also plan for a panel session with representatives from academia as well as policymakers.
|Event dates:||2008-09-19 – 2008-09-20|
|Deadline Call for Papers:||2008-04-28|
|Organizers:||Sveriges Riksbank, Stockholm|
|Conference venue:||Sveriges Riksbank, Stockholm|
|Classification:||D1 - Household Behavior and Family Economics ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; L8 - Industry Studies: Services|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|