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in the aggregate homeownership rate that is comparable to the impact of population ageing. In countries where tax relief … is smaller. This is consistent with the tendency for such housing tax reliefs to be capitalised into real house prices …
Persistent link: https://www.econbiz.de/10008873251
high rates of leverage are found to amplify house price volatility. Estimates suggest that tax reliefs on mortgage debt …
Persistent link: https://www.econbiz.de/10008764468
natural disasters. Fourth, taxing housing so owing is not favoured over renting would reduce distortions and make the tax …
Persistent link: https://www.econbiz.de/10009645560
This paper compares a number of housing policies such as housing taxation, land use and rental regulations and social housing policies for OECD countries relying on new data. Based on a range of econometric analyses, it also investigates whether these housing-related policies achieve their...
Persistent link: https://www.econbiz.de/10008799708
The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing prices and investment recovered to reach new peaks. This paper uses a small econometric model to assess the role of fundamentals in housing price and investment developments....
Persistent link: https://www.econbiz.de/10011276861
This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second...
Persistent link: https://www.econbiz.de/10011276945
Housing conditions in Belgium are among the best in OECD countries according to the Better Life Index, as dwellings are of high quality and large, and housing costs are average. However, the steep increase in house prices since 2003 has put market access for first-time buyers under pressure....
Persistent link: https://www.econbiz.de/10011276969
Housing markets have played a prominent role in macroeconomic developments over recent years. For a great part of the 2000s, buoyant housing markets have contributed to sustained economic activity in most OECD countries. But many markets overheated and the collapse of the US subprime mortgage...
Persistent link: https://www.econbiz.de/10008480480
Tax reform is an urgent priority, as Japan needs as much as 5% to 6% of GDP of additional government revenue just to … stabilise public debt, which has risen to 180% of GDP. In addition to raising revenue, tax reform should promote economic growth …, address the deterioration in income distribution and improve the local tax system. Additional revenue should be obtained …
Persistent link: https://www.econbiz.de/10012444635
The paper reviews the diverse experience of OECD countries in establishing and running independent fiscal institutions, offering insights that could be useful for Latin American countries seeking to set-up and strengthen those institutions in the region. Through cluster analysis, we identify...
Persistent link: https://www.econbiz.de/10014491338