Policy responses to an overheated housing market: Credit tightening versus transaction taxes

2021 ◽  
pp. 101330
Author(s):  
Siu Kei Wong ◽  
Ka Shing Cheung ◽  
Kuang Kuang Deng ◽  
Kwong Wing Chau
Keyword(s):  
Housing Market ◽  
Policy Responses ◽  
Transaction Taxes

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.

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

The housing market: challenges and policy responses

2018 ◽  
Vol 245 ◽  
pp. R5-R8
Author(s):  
Stephen Aldridge
Keyword(s):  
Housing Market ◽  
Public Attitudes ◽  
Housing Affordability ◽  
Policy Framework ◽  
Current Policy ◽  
Housing Supply ◽  
Policy Responses ◽  
Long Run

This article summarises the long-run decline in housing affordability in England and suggests this is substantially attributable to shortfalls in housing supply. Public attitudes to housing have become increasingly pro-development in recent years and the current policy framework – summarised in the article – seeks to provide a comprehensive and rounded response to the challenges facing the housing market.

Interpretation and Compatibility of House-Price Series

1996 ◽  
Vol 28 (1) ◽  
pp. 119-133 ◽  
Author(s):  
C Nicol
Keyword(s):  
Housing Market ◽  
House Price ◽  
Policy Responses ◽  
Price Series ◽  
Market Trends

Over recent years the housing market has experienced a severe and prolonged recession. Doubts about the reliability of indices indicating housing-market trends have exacerbated the difficulties of actors in the market and have impeded appropriate policy responses by government. In this paper the differences both in data and in methodology are examined, differences that may go some way to explaining why the different series may seem to indicate different trends.

Confrontational and preventative policy responses to terrorism: Anger wants a fight and fear wants "them" to go away

2007 ◽  
Author(s):  
G. Scott Morgan ◽  
Linda J. Skitka ◽  
Christopher W. Bauman ◽  
Nicholas P. Aramovich
Keyword(s):  
Policy Responses
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