Modelling the distribution of mortgage debt

Publication type

Research Paper

Series Number

808

Series

Bank of England Staff Working Papers

Authors

Publication date

July 15, 2019

Summary:

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.

Subjects

Link

https://www.bankofengland.co.uk/working-paper/2019/modelling-the-distribution-of-mortgage-debt

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