Tax Incentives and House Price Volatility in the Euro Area: Theory and Evidence
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/tax-incentives-and-house-price-volatility-in-the-euro-area_410243688730.html
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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...
