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Housing Tax Policy: Comment

Hamed Ghiaie and Jean-François Rouillard ()
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Hamed Ghiaie: Département d'économique, Université de Cergy-Pontoise

Cahiers de recherche from Departement d'Economique de l'École de gestion à l'Université de Sherbrooke

Abstract: Alpanda and Zubairy (2016) examine the effects of permanent changes to four types of housing-related tax policies in the context of a multi-agent 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 re-simulate 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 to -0.02.

Keywords: Housing taxation; banking; dynamic general equilibrium. (search for similar items in EconPapers)
JEL-codes: E62 G28 H24 R38 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2018-10
New Economics Papers: this item is included in nep-cmp, nep-mac and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:shr:wpaper:18-06

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