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05/16/2017 - 05/16/2017 | Berlin

Housing, debt and the economy: a tale of two countries

From 1996 to 2016, according to the OECD, the ratio of an index of German house prices to per capita household income has declined by 6%, while the UK’s has risen by 98%. The talk will explain these striking Anglo-German differences in terms of key institutional differences, particularly in the supply of land, the nature of credit markets, taxation and tenure structures.

From 1996 to 2016, according to the OECD, the ratio of an index of German house prices to per capita household income has declined by 6%, while the UK’s has risen by 98%. This is the case despite the current boom in the German housing market, and the decline in Germany since 1970 is even more pronounced. The international picture since 1996 is quite diverse, ranging from zero in the US, to rises of 61 % in Germany’s neighbour France, and 79 % in New Zealand and 112 % in Sweden, both countries with low population densities. The talk will explain these striking Anglo-German differences in terms of key institutional differences, particularly in the supply of land, the nature of credit markets, taxation and tenure structures.

The differences between Germany and the UK have deep historical and cultural roots. The talk will explain why these differences, whose relevance has been overlooked by standard macroeconomics, matter. They have profound economic implications, including for intergenerational justice, inequality, macroeconomic policy, financial stability, and the transmission of monetary policy.

Information on participating / attending:
Please register at: agf-lecture@bbaw.de

Date:

05/16/2017 18:00 - 05/16/2017 21:00

Registration deadline:

05/14/2017

Event venue:

Akademiegebäude am Gendarmenmarkt,
Einstein-Saal, Jägerstraße 22/23, 10117 Berlin
10117 Berlin
Berlin
Germany

Target group:

all interested persons

Email address:

Relevance:

transregional, national

Subject areas:

Economics / business administration

Types of events:

Presentation / colloquium / lecture

Entry:

03/06/2017

Sender/author:

Gisela Lerch

Department:

Presse- und Öffentlichkeitsarbeit

Event is free:

yes

Language of the text:

German

URL of this event: http://idw-online.de/en/event56964

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