Modelling the distribution of mortgage debt
Iren Levina (),
Alexandra Varadi and
Gavin Wallis ()
Additional contact information
Iren Levina: Bank of England, Postal: Bank of England, Threadneedle Street, London, EC2R 8AH
Robert Sturrock: Bank of England
No 808, Bank of England working papers from Bank of England
This paper presents an approach to modelling the flow and the stock of mortgage debt, using loan‑level data. Our approach allows us to consider different macroeconomic scenarios for the housing market, lenders’ and borrowers’ behaviour, and different calibrations of macroprudential policy interventions in a consistent way. This, in turn, allows us to take a forward-looking view about potential risks stemming from the distribution of mortgage debt, as well as assess the impact of potential macroprudential policies in a forward‑looking manner.
Keywords: Mortgage market; housing market; macroprudential policy; loan‑level data; flow model; stock model (search for similar items in EconPapers)
JEL-codes: D04 G21 R20 R21 R31 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-ban and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.bankofengland.co.uk/-/media/boe/files/ ... of-mortgage-debt.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:boe:boeewp:0808
Access Statistics for this paper
More papers in Bank of England working papers from Bank of England Bank of England, Threadneedle Street, London, EC2R 8AH. Contact information at EDIRC.
Bibliographic data for series maintained by Digital Media Team ().