BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Date iCal//NONSGML kigkonsult.se iCalcreator 2.20.2//
METHOD:PUBLISH
X-WR-CALNAME;VALUE=TEXT:TSE
BEGIN:VTIMEZONE
TZID:Europe/Paris
BEGIN:STANDARD
DTSTART:20241027T030000
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
END:STANDARD
BEGIN:DAYLIGHT
DTSTART:20240331T020000
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
RDATE:20250330T020000
TZNAME:CEST
END:DAYLIGHT
END:VTIMEZONE
BEGIN:VEVENT
UID:calendar.135421.field_date.0@www.tse-fr.eu
DTSTAMP:20260607T175228Z
CREATED:20240731T091001Z
DESCRIPTION:Neeltje Van Horen (University of Amsterdam\;Bank of England)\, 
 “The Consumption Response to Borrowing Constraints in the Mortgage Market”
 \, Séminaire Banque de France\, September 17\, 2024\, 11:30–12:30\, BDF\, 
 Paris\, room 4GH and Online.\n\nWe show that easing homebuyer liquidity co
 nstraints significantly boosts consumption through its impact on housing m
 arket activity. For identification\, we exploit a large UK mortgage market
  stimulus program and employ difference-in-differences analyses using admi
 nistrative mortgage data linked to transaction-level expenditure data. Our
  findings show that easing liquidity constraints led to a 14.3% increase i
 n aggregate home purchases\, driven entirely by previously constrained hom
 ebuyers. This increase in home buying activity resulted in a 3.8% rise in 
 consumption per standard deviation of exposure to the easing\, primarily d
 ue to higher home-related and non-durable consumption of new homebuyers\, 
 as well as local demand effects. Notably\, previously constrained homebuye
 rs exhibited significantly higher consumption increases following their ho
 me purchase.
DTSTART;TZID=Europe/Paris:20240917T123000
DTEND;TZID=Europe/Paris:20240917T133000
LAST-MODIFIED:20240907T001001Z
LOCATION:September 17\, 2024\, 11:30–12:30\, BDF\, Paris\, room 4GH and Onl
 ine
SUMMARY:Séminaire Banque de France
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2024-consumption-response-borro
 wing-constraints-mortgage-market
END:VEVENT
END:VCALENDAR