/housing-model-spain

Project to create an agent-based model of the Spanish housing market, derived from the INET@Oxford and BoE agent-based model of the UK housing market.

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Agent-Based Model of the Spanish Housing Market

This project aims at building an agent-based model of the Spanish housing market, based on the model developed for the UK by the Institute of New Economic Thinking at the University of Oxford and the Bank of England. Intended as a tool for assessing the impact of central bank regulation on the corresponding housing market, the model incorporates owner-occupiers, renters, buy-to-let investors, a housing market, a rental market, a private mortgage lender or bank and a central bank. A more detailed description of the original UK model can be found at Carro et al. (2022), also available as a Bank of England Staff Working Paper and a Bank of Spain Working Paper.