And while the supply of credit is one piece of a complex housing market, one thing is certain, higher levels of indebtedness for families are not going to solve the complex issues at play. Instead, higher debt burdens increase the vulnerability of families and households in the event of a future downturn.
Climate Change, social and economic vulnerabilities When thinking of long term macroeconomic challenges, issues that intersect economic and social realms, climate change is a crucial issue. It is an area where we need to work towards solutions, where progress needs to be made, and urgently.