Impact of macroprudential policies on house price expectations- evidence from survey data

Debasis Rooj, Anurag Banerjee and Reshmi Sengupta

Economics Letters, 2024, vol. 236, issue C

Abstract: This paper investigates the impact of macroprudential policies (MPP) on house price expectations using novel data from the Inflation Expectation of Households survey across 19 major Indian cities released by the Reserve Bank of India. MPP negatively impacts house price expectations, especially borrower-based macroprudential policies. We also find that tightening MPP impacts the retired group more than other occupational groups.

Keywords: Macroprudential policies; House price expectations; Household finance (search for similar items in EconPapers)
JEL-codes: E32 E58 G51 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:236:y:2024:i:c:s0165176524000958

DOI: 10.1016/j.econlet.2024.111612

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