*The reproduction of social structures may be impacted by the way resources and opportunities are distributed and transferred across generations. In this context, housing appears as a particularly good proxy of economic resources since it is the main source of wealth for most of households in France, and it is the most important wealth enhancing asset of households’ portfolio. The objective of this study is twofold: first, identifying how the link between parental and children homeownership has evolved over time in France; and second, understanding the macroeconomic factors affecting this relationship. We find a significant intergenerational link on housing status during the period 1975 to 2015. The magnitude of this relationship gets particularly high from the end of the 80’s, which coincides with the rise of house prices.

**Potential output estimation faces two key problems: difficulties in capturing the boom before the Great Recession and build-up of macroeconomic imbalances in real-time. This paper aims at estimating the “sustainable output”, i.e. output adjusted for demand-driven traditional cycles and financial imbalances. The main contribution of this paper is to compare ability to capture the boom before the Great Recession and real-time performance for a large set of advanced countries and for various widely used models introducing financial indicators.