| dc.contributor | 財政系 | |
| dc.creator (作者) | 朱琇妍 | |
| dc.creator (作者) | Chu, Shiou-Yen | |
| dc.date (日期) | 2018-11 | |
| dc.date.accessioned | 4-Oct-2019 16:08:00 (UTC+8) | - |
| dc.date.available | 4-Oct-2019 16:08:00 (UTC+8) | - |
| dc.date.issued (上傳時間) | 4-Oct-2019 16:08:00 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/126716 | - |
| dc.description.abstract (摘要) | 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 (關聯) | International Review of Economics and Finance, Vol.58, pp.404-421 | |
| dc.subject (關鍵詞) | Collateral constraint ; Property tax ; Transfer tax ; Speculation | |
| dc.title (題名) | Macroeconomic Policies and Housing Market in Taiwan | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.iref.2018.05.002 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.iref.2018.05.002 | |
