BEGIN:VCALENDAR VERSION:2.0 PRODID:-//hacksw/handcal//NONSGML v1.0//EN CALSCALE:GREGORIAN BEGIN:VEVENT DTEND:20260415T133000 UID:69e5aa8412356 DTSTAMP:20260420T142436 LOCATION:Macquarie University City Campus Level 24\, 123 Pitt Street Sydney 2000 NSW DESCRIPTION:How does monetary policy affect homeownership? A monetary contraction may have contrasting effects due to rising interest rates\, falling incomes\, and lower house prices. To investigate\, we build a rich model of Australia households that captures differences in their ages\, incomes\, savings\, housing\, and mortgage debt. This helps us to understand their housing tenure decisions as well as mortgage finance choices. Finally\, the model includes a high-level (&ldquo\;exogenous&rdquo\;) representation of the impacts of monetary policy in Australia. Specifically\, it captures realistic dynamic relationships between interest rates\, national incomes\, and average house prices. We then use the model to study the impacts of monetary policy shocks on housing decisions across the population. We show that a monetary policy contraction reduces homeownership\, with the initial impact driven by rising mortgage rates and persistent effects due to lower household incomes. Ownership dynamics are also shaped by mortgage borrowing constraints\, stamp duty\, macroeconomic conditions\, and household expectations about the evolution of monetary policy. Finally\, we investigate the extent to which fluctuations in monetary policy result in welfare losses for different households\, particularly those who would have been home buyers in the absence of a monetary policy shock. Join us from 12.30 - 1.30pm at 123 Pitt Street (Level 24) or online via Microsoft Teams. This is a free event for members and $10 for Non-Members Registration and Joining this Webinar To register please book online below. The link to join this event will be automatically generated and sent within your confirmation invoice. \; The timing of this event is AEDT \;(SYD/CBR/MEL). URL;VALUE=URI:http://esansw.org.au/event/66053 SUMMARY:Monetary Policy and the Homeownership Rate in Australia DTSTART:20260415T123000 END:VEVENT END:VCALENDAR