Speculative Investors and Tobin's Tax in the Housing Market
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This paper examines the impact of a policy change in Tobin's tax on housing market speculators. The policy intervention effectively raised the transaction cost in the market segment with a high presence of speculators. Relative to the unaffected control sample, we find that the rise in transaction
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美国国家经济研究局创建时间：
2013-09-01
