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Not all cities are alike : House price heterogeneity and the design of macro-prudential policies in China
(14.11.2018)
BOFIT Discussion Papers 18/2018
BOFIT Discussion Papers 18/2018
This paper investigates the implementation of regionally differentiated macro-prudential policies in China. To assess the relative intensity of the city-level macro-prudential policies over time, we construct a time-varying ...
Mapping China’s time-varying house price landscape
(09.12.2017)
BOFIT Discussion Papers 21/2017
BOFIT Discussion Papers 21/2017
The recent increase in China’s house prices at the national level masks tremendous variation at the city level – a feature largely overlooked in the macroprudential literature. This paper considers the evolving heterogeneity ...