Macroprudential Policy and the Housing Market

Description

House prices and household indebtedness have increased substantially in Luxembourg and other countries over the last decade.

This has raised concerns that households could be vulnerable to a fall in house prices, and led some observers to call for the use of macroprudential policy. In this event, Prof. Daniel Greenwald from MIT Sloan will present his work on macroprudential policy and the housing market. The presentation will be followed by a round table on macroprudential policies and the housing market with a view on learning from international experiences.

Participants

Daniel Greenwald (MIT Sloan)

Daniel Greenwald is the Judy C. Lewent (1972) and Mark Shapiro Career Development Professor and and Assistant Professor of Finance at the MIT Sloan School of Management.

His research is at the intersection of macroeconomics and finance, with special focus on housing and mortgage markets, the links between the stock market and the macroeconomy, and the structure of corporate debt.

Claude Wampach (CSSF)

Claude Wampach is Director at the Commission de Surveillance du Secteur Financier (CSSF). He is in charge of the supervision of banks as well as the protection of depositors and investors. He represents Luxembourg at the Basel Committee on Banking Supervision and is a member of the Supervisory Board of the European Single Supervisory Mechanism (SSM). Claude Wampach joined the CSSF in 2001 and holds a PhD in economics from the Université catholique de Louvain.

Gilles Pierre (ABBL)

Gilles Pierre is the head of Banking Regulation at the Luxembourg Bankers‘ Association (ABBL). His topic of expertise include the Single Supervisory Mechanism (SSM), the Bank Recovery and Resolution Directive (BRRD), the Single Resolution Mechanism (SRM), the Capital Requirements Directive and Regulation (CRR/CRD IV) as well as the Deposit Guarantee Schemes Directive (DGSD).

Gilles Pierre was secretary general at the Association pour la Garantie des Dépôts (AGDL) from 2013 to 2016.

Esther Segalla (OeNB)

Esther Segalla is a research economist at the Oesterreichische Nationalbank. Her work has focused on the international transmission of shocks in the banking system and on the comparison of prudential policy instruments across countries.

She is a member of the International Banking Research Network (IBRN).

Esther Segalla holds a Ph.D. from the University of Vienna.

Programme

• 17:30-17:35: Welcome speech
• 17:35-18:00: Keynote speech by Prof. Daniel Greenwald
• 18:00-19:00: Roundtable on macroprudential policies and the Housing Market
  • Participants:
    • Daniel Greenwald (MIT Sloan)
    • Claude Wampach (CSSF)
    • Gilles Pierre (ABBL)
    • Esther Segalla (OeNB)
  • Moderator:
    • Ulf von Lilienfeld-Toal
• 19:00 Cocktail reception

Registration

To register to this event, please send your name and affiliation to lsf-events@uni.lu.If you would like to stay informed of future events by the Department of Finance of the Université du Luxembourg, please register here.