Belgium: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 076

Publication date: March 2006

ISBN: 9781451803259

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Labor , Economics- Macroeconomics , ISCR , CR , Belgium , price , product market , labor market , market , price development , real estate , euro area , EU economy , goods market reform , deregulated product markets , baseline markup , transition cost , goods market rent , Belgium market , EU context , Housing prices , Mortgages , Labor markets , Labor market reforms , Real estate prices , Global , Europe

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Summary

This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the household and bank balance sheets and their vulnerability to a slowdown in housing prices, and identifies differences in real estate markets between Belgium and other countries. The paper analyzes policy and institutional factors that may have contributed to housing price developments in Belgium. It identifies potential policies that are available to avert a buildup of pressures. The paper also describes the model setup and calibration of some crucial economic relations and parameters.