EconPapers    
Economics at your fingertips  
 

Housing and Tax Policy: Comment

Hamed Ghiaie and Jean-François Rouillard ()

Journal of Money, Credit and Banking, 2021, vol. 53, issue 8, 2215-2219

Abstract: Alpanda and Zubairy (2016) examine the effects of permanent changes to four types of housing‐related tax policies in the context of a multiagent dynamic general equilibrium (DGE) model. They find long‐run tax multipliers that range from −2.21 to −1.53. However, we find an error in their codes that has a significant impact on the size of these multipliers. We correct their error and resimulate their model. The long‐run multipliers we find are reduced almost in half—they now range from −1.25 to −0.84. We also compute short‐run multipliers at a 20‐quarter horizon and find much lower multipliers, ranging between −0.14 and −0.02.

Date: 2021
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/jmcb.12817

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:wly:jmoncb:v:53:y:2021:i:8:p:2215-2219

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2022-12-24
Handle: RePEc:wly:jmoncb:v:53:y:2021:i:8:p:2215-2219