Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/126716
DC Field | Value | Language |
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dc.contributor | 財政系 | |
dc.creator | 朱琇妍 | |
dc.creator | Chu, Shiou-Yen | |
dc.date | 2018-11 | |
dc.date.accessioned | 2019-10-04T08:08:00Z | - |
dc.date.available | 2019-10-04T08:08:00Z | - |
dc.date.issued | 2019-10-04T08:08:00Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/126716 | - |
dc.description.abstract | This paper develops a dynamic stochastic general equilibrium (DSGE) model that analyzes the transmission mechanisms of a real estate transfer tax and other macroeconomic policies on Taiwan`s housing market. Our model matches the volatility of Taiwan`s housing prices and housing transactions during 2011–2015, when the loan-to-value ratio was reduced and a transfer tax along with a property tax were collected. The calibration results indicate that imposing a residential property tax or raising interest rates effectively curbs speculative housing transactions and has prolonged effects on taming housing prices over time. Transfer tax imposition or a decrease in the loan-to-value ratio has short-lived effects on moderating housing markets. | |
dc.format.extent | 2096092 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.relation | International Review of Economics and Finance, Vol.58, pp.404-421 | |
dc.subject | Collateral constraint ; Property tax ; Transfer tax ; Speculation | |
dc.title | Macroeconomic Policies and Housing Market in Taiwan | |
dc.type | article | |
dc.identifier.doi | 10.1016/j.iref.2018.05.002 | |
dc.doi.uri | https://doi.org/10.1016/j.iref.2018.05.002 | |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
item.grantfulltext | restricted | - |
item.openairetype | article | - |
item.fulltext | With Fulltext | - |
Appears in Collections: | 期刊論文 |
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