SOME NEW RESEARCH RESULTS ON LONG-TERM HOUSING POLICIES IN ASIA

Ernie Teo and P. S. L. Yip

Chapter 6 in From the Global Financial Tsunami to the Property Bubbles in Asia:The Need for a New Discipline on Macroeconomic Management, 2019, pp 153-178 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In this chapter, we will present some of our latest simulation results related to long-term housing polices in Asia. In particular, we will show thatthe market structure problem in the Asian property markets could result in high real property prices and a significant portion of households who cannot afford to own their homes;the high wealth (or permanent income) inequality in these economies would further increase the proportion of households who cannot afford to own their home.…

Keywords: Asset Bubble; Asset Inflation; Economic Crisis; Global Financial Tsunami; Global Financial Crisis; European Debt Crisis; Asian Financial Crisis; Property Market; Stock Market; Macroeconomic Policies; Asia; Housing Policy (search for similar items in EconPapers)
JEL-codes: D00 E00 (search for similar items in EconPapers)
Date: 2019
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