How has the LVR restriction affected the housing market: a counterfactual analysis

Gael Price
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Gael Price: Reserve Bank of New Zealand, http://www.rbnz.govt.nz

No AN2014/03, Reserve Bank of New Zealand Analytical Notes series from Reserve Bank of New Zealand

Abstract: This paper estimates a counterfactual scenario of what might have happened to housing market indicators since late 2013 if the LVR restriction had not been implemented. House prices and credit growth have been weaker than suggested by that counterfactual model.

Pages: 20 p
Date: 2014-05
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (21)

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