Structural and Cyclical Risks in Housing Markets in OECD Countries

URN to cite this document:: urn:nbn:de:bvb:355-epub-583758
DOI to cite this document:: 10.5283/epub.58375

Just, Tobias ; Salzberger, Hannah

License: Creative Commons Attribution 4.0
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Date of publication of this fulltext: 04 Jun 2024 14:25

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Abstract

This paper analyses the housing markets of OECD countries using a scoring model. This model is based on a European Systematic Risk Board approach to risk assessment of housing markets but extends this approach in two important ways. First, this paper distinguishes between cyclical and structural risk factors. Markets facing higher susceptibility to cyclical risks necessitate a distinct policy ...