The impact of macroprudential housing finance tools in Canada : 2005-10 / by Jason Allen ... [et al.].: FB3-5/2016-41E-PDF
"This paper combines loan-level administrative data with household-level survey data to analyze the impact of recent macroprudential policy changes in Canada using a microsimulation model of mortgage demand of first-time homebuyers. Policies targeting the loan-to-value ratio are found to have a larger impact than policies targeting the debt-service ratio, such as amortization. This is because there are more wealth-constrained borrowers than income-constrained borrowers entering the housing market"--Abstract.
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| Title | The impact of macroprudential housing finance tools in Canada : 2005-10 / by Jason Allen ... [et al.]. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | ii, 43 p. : graphs. |
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