Social inequalities and the market risks following from housing consumption. The real and desirable response of state fiscal and monetary policies

The objective of the project is to make a comprehensive, theoretically framed, and empirically grounded, context-based description of the transformation of housing conditions in the CR after 1990, including both the identification of the main causes of this development and an analysis of its effects on social inequalities and market risks. In the area of inequalities the project focuses on housing affordability, the residential property distribution, access to housing, and extreme forms of inequalities (social exclusion). In the area of market risks the project focuses on risks arising from the growth in the level of homeownership, the mortgage market development, and the "manipulation" of housing demand. The goal is also to evaluate current tools of state housing and monetary policy, whether they effectively limit the growth of social inequalities that are a threat to sustainable economic development and social cohesion, whether they limit the growth of market system risks, and to make general recommendations for changes in this fields.

The project is supported by the Grant agency of the Czech Republic, the head of the project is Ing. Mgr. Martin Lux, Ph.D. The project started in 2009  and ends in 2011. Read more...