Tag Archives: housing

Distributional house price cycles (2/2): What explains the divergence?

Posted on October 10, 2026 by Francesc Rodríguez Tous

In the previous post, I discussed the building of the distributional house price indices (DHPIs) for the U.K., noting that they allow us to study something that is typically not possible with other house price indices: the within-local market heterogeneity … Continue reading →

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Borrower-based macroprudential tools (3/4): When success is hard to observe

Posted on July 27, 2026 by Francesc Rodríguez Tous

In the first two posts of this series (here and here) I have argued that the case for borrower-based macroprudential tools is sound and that, while they appear to be effective, they have distributional costs. I finished the previous post … Continue reading →

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Borrower-based macroprudential tools (2/4): Distributional effects

Posted on July 5, 2026 by Francesc Rodríguez Tous

In the first post, I made the case for borrower-based tools: individually rational borrowing can be collectively excessive, and it can be optimal for the regulator to cap how much households can borrow against their homes. But I ended on … Continue reading →

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