Taming the real estate boom in the EU? - with Matthias Thiemann

In the fallout of the 2008 crisis, macroprudential policy has been installed as the policy remedy against future financial instability, a primary focus being developments in the real estate sector. The current real estate bubble raises the question of how far macroprudential bodies have been capable of bringing about countercyclical actions against the build-up of such vulnerabilities. In a new paper published by the journal Regulation and Governance, Etienne Lepers and Matthias Thiemann uncover which configuration of conditions account for the (in)capacity of countries to impose stringent countercyclical regulations against housing booms. 

Interview and video by Véronique Etienne and Sébastien Wony, July 2023.