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180616 ||| eng |
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|a van den Noord, Paul
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| 245 |
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|a Tax Incentives and House Price Volatility in the Euro Area
|h Elektronische Ressource
|b Theory and Evidence
|c Paul, van den Noord
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| 246 |
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|a Incitations fiscales et volatilité des prix d'immobilier dans la zone euro : Théorie et évidence / Paul, van den Noord
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| 246 |
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|a Incitations fiscales et volatilité des prix d'immobilier dans la zone euro
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| 260 |
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|a Paris
|b OECD Publishing
|c 2003
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| 300 |
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|a 16 p.
|c 21 x 29.7cm
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| 653 |
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|a Economics
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| 653 |
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|a Euro Area
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b OECD
|a OECD Books and Papers
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| 490 |
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|a OECD Economics Department Working Papers
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| 028 |
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|a 10.1787/410243688730
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| 856 |
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|a oecd-ilibrary.org
|u https://doi.org/10.1787/410243688730
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a 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 ..
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