Browsing Discussion Papers by Subject "Household debt"
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Counterintuitive response to tax incentives? Mortgage interest deductions and the demand for debt
(Discussion Papers;No. 492, Working paper, 2007)Abstract: A number of European countries changed their tax system in the early 1990s along the lines of the US tax reform act of 1986. After the reforms marginal tax rates were generally lower, and mortgage interest ... -
The empirical modelling of house prices and debt revisited: A policy-oriented perspective
(Discussion Paper;No. 967, Working paper, 2021-11)The recent boom in house prices in many countries during the Covid-19 pandemic and the possibility of household financial distress are of concern among some central banks. We revisit the empirical modelling of house prices ...