Macroprudential Policy in a Recovering Property market: Too much too soon?
ESRI Research Bulletin Articles provide short summaries of work published by ESRI researchers and overviews of thematic areas covered by ESRI programmes of research. Bulletin Articles are designed to be easily accessible to a wide readership. A reference or references to the full publication is included at the start of each Bulletin article.
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This bulletin summarises a paper which uses a structural model of the Irish housing and credit market to examine the implications of the new macroprudential measures introduced by the Central Bank of Ireland on house prices, housing supply and credit levels.