Tax Incentives and House Price Volatility in the Euro Area: Theory and Evidence
A problem associated with inflation differentials in monetary unions is that the "crowding-in" effect of lower real interest rates associated with high inflation will initially outweigh the loss of competitiveness (crowding out). The crowding-in effect may produce volatility in house price...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2003
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | A problem associated with inflation differentials in monetary unions is that the "crowding-in" effect of lower real interest rates associated with high inflation will initially outweigh the loss of competitiveness (crowding out). The crowding-in effect may produce volatility in house prices, especially if tax regimes favour the occurrence of bubbles. This paper shows that this is the case notably in the smaller countries of the euro area, and this could explain the persistence of inflation differentials in the area to some extent ... |
| Beschreibung: | 1 Online-Ressource (16 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/410243688730 |
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| spelling | van den Noord, Paul Verfasser aut Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence Paul van den Noord = Incitations fiscales et volatilité des prix d'immobilier dans la zone euro : Théorie et évidence / Paul van den Noord Incitations fiscales et volatilité des prix d'immobilier dans la zone euro Paris OECD Publishing 2003 1 Online-Ressource (16 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers A problem associated with inflation differentials in monetary unions is that the "crowding-in" effect of lower real interest rates associated with high inflation will initially outweigh the loss of competitiveness (crowding out). The crowding-in effect may produce volatility in house prices, especially if tax regimes favour the occurrence of bubbles. This paper shows that this is the case notably in the smaller countries of the euro area, and this could explain the persistence of inflation differentials in the area to some extent ... Economics Euro Area https://doi.org/10.1787/410243688730 Verlag kostenfrei Volltext |
| spellingShingle | van den Noord, Paul Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence Economics Euro Area |
| title | Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence |
| title_alt | Incitations fiscales et volatilité des prix d'immobilier dans la zone euro |
| title_auth | Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence |
| title_exact_search | Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence |
| title_exact_search_txtP | Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence |
| title_full | Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence Paul van den Noord = Incitations fiscales et volatilité des prix d'immobilier dans la zone euro : Théorie et évidence / Paul van den Noord |
| title_fullStr | Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence Paul van den Noord = Incitations fiscales et volatilité des prix d'immobilier dans la zone euro : Théorie et évidence / Paul van den Noord |
| title_full_unstemmed | Tax Incentives and House Price Volatility in the Euro Area Theory and Evidence Paul van den Noord = Incitations fiscales et volatilité des prix d'immobilier dans la zone euro : Théorie et évidence / Paul van den Noord |
| title_short | Tax Incentives and House Price Volatility in the Euro Area |
| title_sort | tax incentives and house price volatility in the euro area theory and evidence |
| title_sub | Theory and Evidence |
| topic | Economics Euro Area |
| topic_facet | Economics Euro Area |
| url | https://doi.org/10.1787/410243688730 |
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