Housing access, indebtedness and risk hedging in the context of inflation, what could be the trade-off?

20220920T180000

20220920T193000

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NORDIC CHAT IN FALL SEMESTER!The Nordic French Society of Sciences Po Alumni, with the "Cercle Finance"  and "Sciences Po/HEC group"are honoured to welcome  William de Vijlder, Group Chief Economist of the BNP Paribas and expert of "The Economic Decoupling"William De Vijlder has been Group Chief Economist of BNP Paribas since 2014. He began his career in the Economic Research Department at Belgium’s Générale de Banque in 1987 and joined the Asset Management division in 1989. At Fortis Investments, he was Managing Director and Global Chief Investment Officer. When joining BNP Paribas Investment Partners in 2010, he became a member of its Executive Committee and Chief Investment Officer of Partners and Alternative Investments. He has a Ph.D. in Economics from the University of Ghent (Belgium), where he has been a senior lecturer since 1991. He has been a member of the Group of Economic Advisers to ESMA’s Committee for Economic and Market Analysis and is a board member of Le Club du CEPII.Our topic will concern the housing access and private indebtedness.Abstract: While the housing property is a significant part of the pensioner’ financial capacity for consumption and savings, the current high level of private indebtedness to finance illiquid assets, such as housing, can represent a very high risk for both the households and financial sectors. According to IMF (Indebtedness in the private sector, percentage of GDP), household indebtedness as a percentage of GDP is currently higher in Sweden, Denmark and France than in any of the countries of interest, while the euro area has a low and falling household debt.A highly indebted household has poorer capacity to manage unexpected loss of income or increases in expenditure, especially if the debts are used to finance illiquid assets such as housing. So, how to mitigate the short-term risks and the long term economic positive return in Nordic countries and in France related to a high level of household indebtedness used to finance housing property?Welcome to our chat  online or in Paris le 20 septembre à 18.00Salle du Préfet Erignac, 13 rue de l'Université, Paris, 7èmeElisabeth Chaillet-LeforestierPresident of the Nordic French Society @ Sciences Po Alumni

https://sciencespo-alumni.fr/en/group/finance/146/calendar/housing-access-indebtedness-and-risk-hedging-in-the-context-of-inflation-what-could-be-the-trade-off/2022/09/20/5553