Policy responses The factors contributing to reduced mortgage lending and lower rates of homeownership are varied and complex; no simple solutions exist that can, on their own, restore the housing market to health. Since the extent of the crisis became apparent, a range of initiatives has been undertaken.
So let’s not waste any time. 1 See Rostagno, M., Bindseil, U., Kamps, A., Lemke, W., Sugo, T. and T. Vlassopoulos, (2016), “Breaking through  the zero line: The ECB’s negative interest rate policy”, Brookings Institution, Washington DC, 6 June 2016. Presentation available on the Brookings Institution website.