{"id":7377,"date":"2014-05-19T23:40:10","date_gmt":"2014-05-19T21:40:10","guid":{"rendered":"http:\/\/blog.zeit.de\/herdentrieb\/?p=7377"},"modified":"2014-05-20T10:00:51","modified_gmt":"2014-05-20T08:00:51","slug":"alle-bereit-fuer-die-deutsche-immobilienblase","status":"publish","type":"post","link":"https:\/\/blog.zeit.de\/herdentrieb\/2014\/05\/19\/alle-bereit-fuer-die-deutsche-immobilienblase_7377","title":{"rendered":"Alle bereit f\u00fcr die deutsche Immobilienblase?"},"content":{"rendered":"<p>Der neue <a title=\"IMF: Germany\u20142014 Article IV Consultation Preliminary Conclusions\" href=\"http:\/\/www.imf.org\/external\/np\/ms\/2014\/051914.htm\" target=\"_blank\">L\u00e4nderbericht<\/a> des IWF deutet darauf hin, dass es eine l\u00e4ngere Diskussion \u00fcber die Risiken auf dem deutschen Immobilienmarkt gab.<\/p>\n<p style=\"padding-left: 30px;\"><em>Nonetheless, while concerns about a housing bubble are premature, preparations against it are not. Hence, the macroprudential toolkit should be readied.\u00a0<\/em><em>We welcome the authorities\u2019 progress in making the new Financial Stability Committee fully operational and in expanding their statistical coverage of the mortgage market. We encourage them to consider expanding the set of macroprudential tools to include loan-to-value and debt-service-to-income instruments.<\/em><\/p>\n<p>F\u00fcr mich ist das ein Indiz, dass der neu geschaffene Ausschuss f\u00fcr Finanzstabilit\u00e4t bald aktiv werden k\u00f6nnte \u2013 zumal wenn die EZB die Zinsen noch einmal senkt. Interessant auch, dass der IWF noch erheblichen Spielraum bei den Investitionen sieht.<\/p>\n<p><em>Additional investment up to 0.5 percent of GDP per year over four years could be financed without violating fiscal rules and would have only a minor impact on the debt-to-GDP ratio given the growth offset.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Der neue L\u00e4nderbericht des IWF deutet darauf hin, dass es eine l\u00e4ngere Diskussion \u00fcber die Risiken auf dem deutschen Immobilienmarkt gab. Nonetheless, while concerns about a housing bubble are premature, preparations against it are not. Hence, the macroprudential toolkit should be readied.\u00a0We welcome the authorities\u2019 progress in making the new Financial Stability Committee fully operational [&hellip;]<\/p>\n","protected":false},"author":215,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-7377","post","type-post","status-publish","format-standard","hentry","category-der-aktuelle-rand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alle bereit f\u00fcr die deutsche Immobilienblase? - Herdentrieb<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.zeit.de\/herdentrieb\/2014\/05\/19\/alle-bereit-fuer-die-deutsche-immobilienblase_7377\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alle bereit f\u00fcr die deutsche Immobilienblase? - Herdentrieb\" \/>\n<meta property=\"og:description\" content=\"Der neue L\u00e4nderbericht des IWF deutet darauf hin, dass es eine l\u00e4ngere Diskussion \u00fcber die Risiken auf dem deutschen Immobilienmarkt gab. 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