ecb-房价上涨与政策选择:元回归分析的启示 House price booms and policy choices insights from a meta-regression analysis.pdfVIP

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ecb-房价上涨与政策选择:元回归分析的启示 House price booms and policy choices insights from a meta-regression analysis.pdf

Housepriceboomsandpolicy

choices:insightsfromameta-

regressionanalysis

PreparedbyJohnFell

PublishedaspartoftheFinancialStabilityReview,May2026.

Thisspecialfeatureexaminespolicy-assignmentdilemmasfacingmacroprudential

authoritieswhenhousingmarketsboom:whichinstrumentsworkbest,onwhich

objectives,andincombinationwithwhichothertools?Itdoessobyrevitalising

Mundell’sPrincipleofEffectiveMarketClassification,[1]thepolicy-spaceanalogueof

Ricardo’scomparativeadvantageprinciple,andbyapplyingittomacroprudential

po

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