Housing: microdata, macro problems


Lars Nesheim, Jonathan Halket

Date & Time

From: 19 June 2017
Until: 20 June 2017




Bank of England
Threadneedle Street,

A host of issues continue to limit understanding of the role housing markets play in the dynamics of financial markets and the wider macro economy. Mortgage and bankruptcy constraints, individual tenure and portfolio choices, potential frictions in the labour, housing and mortgage markets remain promising avenues for theoretical and empirical research and debate. Arguments about policies often hinge on particular modelling assumptions. Which assumptions are of first-order importance? Microdata or theoretical models that shed light on these issues are sought.

The conference will feature 10-12 papers that tackle housing issues from a variety of angles. Participants from near and far are invited. Examples of issues to be considered are:

  • Mortgage and bankruptcy constraints in equilibrium
  • Role of individuals’ beliefs and expectations about income and house prices
  • Interactions between housing and labour market choices
  • Tenure choice: Why does anyone buy a house?
  • Housing supply
  • Contracting frictions in housing and mortgage markets
  • The effects of recent and not-so recent housing/mortgage policies
  • International comparisons

Accommodation costs and some travel costs will be covered for invited participants. We especially encourage submissions and participation from Early Career Researchers.

If you would like to present a paper, please send a draft or an extended abstract through by January 15, 2017.

This event is co-sponsored by Imperial College Business School and the Bank of England.


The Effects of Mortgage Credit Availability:Evidence from Minimum Credit Score Lending Rules

Regulating Housing Leverage

Speculative Dynamics of Prices and Volume

Out-of-town Home Buyers and City Welfare

Mortgage Design in an Equilibrium Model of the Housing Market

Interest Rates and Housing Market Dynamics in a Housing Search Model

Mortgages and Liquidity Traps

The Residential Collateral Channel