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Macroprudential Policy and Real Estate Funds

Official sources show institutional investment in euro area real estate quadrupled over the past decade. A new quantitative euro area DSGE model reveals leakages in the macroprudential framework, calling for a countercyclical leverage limit on real estate funds. ....

United States , Luis Molestina Vivar , Lauren Lambie Hanson , Luisa Lambertini , Christian Weistroffe , Wenli Li , Pedro Gete , Caterina Mendicino , Samantha Myers , Alex Moss , Kitty Moloney , Claudia Lambert , Michael Slonkosky , Michael Reher , Stanimira Milcheva , Raymond Chaudron , Martin Hoesli , Michael Wedow , Rebecca Zarutskie , James Mills , Raven Molloy , Julien Le Roux , Maria Teresa Punzi , Frank Smets , Molestina Vivar , Christian Weistroffer ,