paper estimates long-term elasticities of housing supply to prices in OECD countries before exploring their drivers with a …

Housing markets are large and highly volatile: they can thus create large macroeconomic risks. The current paper … provides a bird’s eye view of where the housing markets of major OECD economies currently stand. It then uses the results of … empirical analyses to suggest how economic policies can enhance economic resilience by reducing housing-related risks through …

Housing markets, which are large and subject to sharp swings, shape to a great extent countries’ exposure to economic … crises and their capacity to recover from them. This paper analyses the transmission of housing-related shocks to the real … investigate, which housing policy-related reforms can foster greater economic resilience. Among other results, it finds that a …