Makroekonomie bydlení

The study deals with the fluctuation in housing construction in connection with the economic oscillation. Some of the stock-flow models are also described. Stock-flow models explain the dependence of changes in volumes of housing stock with regard to changes in some macroeconomics indicators (for example interest rates, inflation etc.). The next part of the study aims on relationships between consumption behavior of households in housing, down-payment limits on the mortgage market and monetary policy of the central bank. In conclusion of the study are shortly described the base principles of the mortgage market.