Transaction Taxes in a Search Model of the Housing Market

1999 ◽  
Vol 45 (2) ◽  
pp. 385-399 ◽  
Author(s):  
Per Lundborg ◽  
Per Skedinger
Keyword(s):  
Housing Market ◽  
Search Model ◽  
Transaction Taxes

scholarly journals Momentum Traders in the Housing Market: Survey Evidence and a Search Model

2009 ◽  
Vol 99 (2) ◽  
pp. 406-411 ◽  
Author(s):  
Monika Piazzesi ◽  
Martin Schneider
Keyword(s):  
Housing Market ◽  
Search Model ◽  
Market Survey

scholarly journals LABOR TAX REDUCTIONS IN EUROPE: THE ROLE OF PROPERTY TAXATION

2020 ◽  
pp. 1-33
Author(s):  
Marcin Bielecki ◽  
Nikolai Stähler
Keyword(s):  
Housing Market ◽  
New Keynesian ◽  
Property Taxes ◽  
Real Economy ◽  
Property Taxation ◽  
Tax Reduction ◽  
Labor Tax ◽  
Stocks And Flows ◽  
Transaction Taxes

We use a New Keynesian DSGE model with search frictions on the housing market to evaluate how financing a labor tax reduction by higher property taxation affects the real economy and welfare. Search on the housing market enables us to explicitly model stocks and flows, which is necessary to differentiate between recurrent property taxes (levied on stocks) and property transaction taxes (levied to flows). We find that using recurrent property taxation as financing instrument outperforms other instruments although all policy measures increase aggregate economy-wide welfare. Our simulations suggest that using property transaction taxation as financing instrument is the least favorable measure.

A Search Model of Housing Market Transactions

1988 ◽  
Vol 54 (3) ◽  
pp. 623 ◽  
Author(s):  
Thomas W. Zuehlke ◽  
David W. Rasmussen
Keyword(s):  
Housing Market ◽  
Search Model
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