In which economic conditions, active housing policy, under which new housing estates are being built on a large scale, can be an effective instrument for pro-development, Keynesian, counter-cyclical state interventionism?

How should the state run an active, investment housing policy within which new housing estates are being built on a large scale in order to support balanced economic development without generating credit risk growth and subsequent economic crises as part of pro-development, Keynesian, anti-cyclical state intervention?

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