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| 24 |
| June 2008 |
| Location | Itinera Institute |
| Time | 11:45hrs - 13:30hrs |
| Details |
Itinera Institute Luncheon Lecture
24th of June
The Price of Political Crisis: Economic Adjustment and Political Transformation in Belgium and the Netherlands Erik Jones (SAIS Bologna Center, The Johns Hopkins University)
Abstract Political crisis is no longer 'news' in Belgium or the Netherlands. Less well understood is the toll that this controversy is taking on patterns of economic policymaking. Belgium and the Netherlands used to rely on consensus to stabilize welfare state institutions and to underwrite national competitiveness. This is no longer possible in times of political crisis. As a result, both countries are less flexible and more vulnerable than ever since the end of the second world war. Worse, they may never recover the ability to foster economic consensus. Program 11.45 h Welcome and sandwiches 12.15 h Introduction Marc De Vos, Director of the Itinera Institute 12.20 h The Price of Political Crisis: Economic Adjustment and Political Transformation in Belgium and the Netherlands Erik Jones SAIS Bologna Center, The Johns Hopkins University 13.00 Questions The presentation will be given in English, but the questions can also be asked in Dutch or French. There is limited seating available. Please register through events@itinerainstitute.org.
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Housing becomes ever more expensive for buyers as well as for renters. Johan Albrecht and Rob Van Hoofstat show – in a new Itinera Institute study – that the demand for new houses increases every year while construction of new buildings decreases. The tension on the housing market rises and it affects housing prices.
Urgent measures need to be adopted in order to improve the affordability on the buying and rental markets. Those need to insure an increase in the housing supply while improving accessibility of the lowest revenues on the rental market.
Itinera proposes that only rent subsidies coupled to new incentives for building new houses can offer a budgetary answer against the tensions on housing markets. The model of social housing is 4 to 5 times more expensive and has the very same results. Hence it is budgetary unsustainable.
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