2 options
Betting the house in Denmark / Zuzana Smidova = Parier la maison au Danemark / Zuzana Smidova.
- Format:
- Book
- Government document
- Author/Creator:
- Smidova, Zuzana, author.
- Series:
- OECD Economics Department Working Papers 18151973 ; no.1337.
- OECD Economics Department Working Papers 18151973 ; no.1337
- Language:
- English
- Subjects (All):
- Economics.
- Denmark.
- Local Subjects:
- Denmark.
- Physical Description:
- 1 online resource (34 pages).
- Other Title:
- Parier la maison au Danemark
- Place of Publication:
- Paris : OECD Publishing, 2016.
- System Details:
- text file
- Summary:
- The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage institutions and pension funds. Danish households have large balance sheets and high levels of gross debt. Even though the high debt levels are matched by large assets, notably in form of pension savings, there are feedback loops with the housing market and households' balance sheets contributing to macroeconomic volatility. Currently, the very low interest rate environment may contribute to the building up of risks, notably in the housing market. Given the on-going recovery of the housing market, it is an opportune time to eliminate the debt-bias in taxation, which would strengthen the automatic stabilisers of the fiscal system. In addition, further liberalising the private rental market would help create a more dynamic housing market overall and reduce the need to meet housing needs primarily with the owner occupancy segment.
- Notes:
- Title from title screen (viewed May 1, 2017).
- Access Restriction:
- Restricted for use by site license.
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