Property Markets and Policies in an Intertemporal General Equilibrium Model

Kam Ki Tang

Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics

Abstract: This paper presents a theoretical simulation model to examine the interaction between property markets and the rest of the economy. The model is a rational expectation, intertemporal general equilibrium model, with multiple sectors and real estate markets. The model emphasizes the interdependence between sectors as well as the government’s role in the property markets. It is demonstrated that a resource boom in a durable nontradable sector can improve the current account balance of the home economy in the short run. Secondly, when there is production interdependency between sectors, resource booms in one sector does not necessarily cause contraction in other sectors.

Date: 1998-11, Revised 1999-01
Note: Length (pages): 36 pages
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://crawford.anu.edu.au/acde/publications/publ ... 9/Tang%201999.01.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pas:papers:1999-01

Access Statistics for this paper

More papers in Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Prema-chandra Athukorala ().