000			01784nam a22002657a 4500
008			250313s2024 sp |||||s|||| 00| 0 eng d
040			_cES-MaBCM
100	1		_aFerreira, Clodomiro _9130394
245	1	0	_aHousing tenure, consumption and household debt : _blife-cycle dynamics during a housing bust in Spain _cClodomiro Ferreira, Julio Gálvez y Myroslav Pidkuyko _h[Recurso electrónico]
260			_aMadrid _b : Banco de España _c , 2024
300			_a71 p.
490	0		_aDocumentos de Trabajo _v2424
504			_aBibliografía: p. 47-49
520			_aThe housing bust in Spain was characterized by a significant and rapid drop in home ownership among the younger cohorts, a relatively homogeneous but significant decrease in consumption and significant movements in the rent-to-house price ratio. To uncover the causes of these movements, we solve and estimate an equilibrium life-cycle model with non-linear income, mortgage and housing and rental market dynamics, and simulate a series of counterfactual policy changes and macroeconomic conditions observed in Spain during the period. The lion’s share of the observed drop in home ownership and consumption and the housing market dynamics can be explained by more cautious credit conditions and the major shift in income dynamics observed in Spain between the boom and bust phases.
650		7	_aVivienda
650		7	_aCrédito inmobiliario
650		7	_aPropiedad inmobiliaria _2
650		7	_aAnálisis económico
651		4	_aEspaña _9115342
700	1		_aGálvez, Julio _9130395
700	1		_aPidkuyko, Myroslav _9130397
856			_uhttps://mpr.koha.es/cgi-bin/koha/opac-retrieve-file.pl?id=158ff20ca2df4b8549bf034f5781bad9 _yDESCARGAR DOCUMENTO
942			_cLE
999			_c229970 _d229970