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SUERF BAFFI Bocconi e-Lecture

Brick by Brick: Building Better Housing Policies

Calendar Jun 28, 2021 Schedule10:30 - 12:00 CET (UTC+01:00)

Key takeaways from the OECD Housing Toolkit Report – Brick by Brick: Building Better Housing Policies
SUERF/BAFFI Bocconi Webinar in cooperation with the OECD

Date:  Monday, 28 June 2021
Time: 10:30-12:00 CET, online vie Webex

Topics will include:

  • Impact of COVID and COVID-related policy measures - including monetary policy, trend to home working etc. - for housing supply and demand, as well as house prices.
  • Impact of rising house prices on net disposable household income after housing expenditure; thus, impact on savings and consumption post-COVID (and thus the strength of the rebound in consumption). Positive versus negative wealth effects on consumption from house price rises.
  • Possible economic resilience and financial stability risks from ongoing house price rises – what are adequate policy responses: zoning, taxes, macropru, etc.?
  • Structural impact of climate change/climate protection measures on the housing market, house prices, disposable income after housing, consumption.
  • Overview of the OECD’s recommendations regarding housing policies.

OECD Report, Brick by Brick: Building Better Housing Policies from 14 June 2021

Speakers: Luiz De Mello, Director, Policy Studies Branch, Economics Department, OECD; John Muellbauer, Professor of Economics;  Senior Research Fellow, Nuffield College; Florian Kajuth, Head of Section, Macroeconomic Analysis and Projections Division in the Directorate General Economics, Deutsche Bundesbank; Reiner Martin, Lead Economist, JVI. Moderated by Ernest Gnan, Head, Economic Analysis Division, OeNB and SUERF

Presentations (PDF)
Brick by Brick: Building Better Housing  Policies, by Luiz de Mello, OECD

Discussion of the OECD’s“Brick-by-Brick: Building back Better
,  by John Muellbauer, Nuffield College

OECD Housing Toolkit Report "Brick by Brick: Building Better Housing Policies“,
by Florian Kajuth, Deutsche Bundesbank

OECD Report "Brick by Brick: Building Better Housing Policies“ – Implications for the CESEE Region,
by Reiner Martin, JVI


Luiz de Mello is Director of the Policy Studies Branch at the Economics Department of the OECD. Together with the policy studies teams, Mr. de Mello provides leadership and strategic direction within the Economics Department, ensuring the design and implementation of analysis and policies which promote stronger, cleaner, fairer and more inclusive economic growth for member and partner countries. Structural policy surveillance, short and long term economic outlooks, public finance and macroeconomic policy analysis are among the key workstreams for policy studies. He holds a PhD in Economics from the University of Kent, United Kingdom.



Professor John Muellbauer is a Senior Research Fellow of Nuffield College, Professor of Economics and a Senior Fellow of the Institute for New Economic Thinking at the Oxford Martin School, Oxford University. He is a Fellow of the British Academy, of the Econometric Society and of the European Economic Association and a CEPR Research Fellow. His current research is supported by grants from the Open Society Institute and the Oxford Martin School. 




Florian Kajuth is a Head of Section in the Macroeconomic Analysis and Projections Division in the Directorate General Economics of the Deutsche Bundesbank. He is also a former dele-gate of the Bundesbank to the Working Party No. 1 at the OECD. He holds a PhD in Eco-nomics from the Ludwig-Maximilians-Universität Munich and his research interests include housing markets and the macroeconomy, as well as unemployment and inflation.


Reiner Martin joined the JVI as a Lead Economist in September 2018, after previously being Deputy Head of the European Central Bank’s Macroprudential Policy Division. In this role he was responsible for assessing financial stability risks and the macroprudential policy stance in euro area countries and was closely involved in the ECB’s work on non-performing loans (NPLs). Reiner holds a Ph.D. in Economics from the University of Hamburg (Germany) and Master degrees in Economics and Political Science from the Universities of Sussex and Bristol (UK).


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