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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 …. Against this background, this paper: i) documents housing market developments in 18 OECD countries since the 1970s, putting …
Persistent link: https://www.econbiz.de/10008480480
This paper investigates the effects of the tax system on the economic factors that triggered the financial crisis. We examine three cases in which the tax regime interacted with these factors, reinforcing them. First, we focus on the taxation of residential building: while the importance of...
Persistent link: https://www.econbiz.de/10010747951
The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the … like Mozambique and Laos. It is therefore quite interesting that the bulk of the research surveyed finds that housing … available for housing and other goods and services certainly do vary dramatically from place to place. And the stakes of how …
Persistent link: https://www.econbiz.de/10014023955
-cycle model. The representative household maximises lifetime utility through its choice of optimal levels of consumption, housing … and saving. A key feature of the approach is modelling the consumption of housing services as a separate good in …
Persistent link: https://www.econbiz.de/10010992356
-cycle model. The representative household maximises lifetime utility through its choice of optimal levels of consumption, housing … and saving. A key feature of the approach is modelling the consumption of housing services as a separate good in …
Persistent link: https://www.econbiz.de/10012115681
interest no longer be deductible from taxable income. We argue that the elimination of this housing tax provision would lead …
Persistent link: https://www.econbiz.de/10005812556
This paper focuses on describing the international practice on the various forms of retirement benefit payment currently allowed in countries throughout the world and the regulatory environment surrounding these different forms of benefit payment. The analysis suggests considerable variance...
Persistent link: https://www.econbiz.de/10004962918
This report analyses the main developments in housing finance in the euro area in the decade, covering the period from … housing finance in the euro area with those in the United Kingdom and the United States. At the end, the report briefly …
Persistent link: https://www.econbiz.de/10011606253
is smaller. This is consistent with the tendency for such housing tax reliefs to be capitalised into real house prices …, which may crowd-out some financially constrained households from homeownership at the margin. The impact of housing policies …
Persistent link: https://www.econbiz.de/10008873251
This paper analyses the factors influencing the level and volatility of real house prices in a panel of OECD countries over the period 1980-2005. Results suggest that real house prices tend to rise proportionally with real household incomes, while declines in structural unemployment and real...
Persistent link: https://www.econbiz.de/10008764468