Tax incentives and house price volatility in the euro area : theory and evidence (notice n° 593804)
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| fixed length control field | 01925cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121150643.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | van den Noord, Paul |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Tax incentives and house price volatility in the euro area : theory and evidence |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2005.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 22 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | RésuméUn problème dû aux différences d’inflation en union monétaire est que, initialement, l’effet stimulant de taux d’intérêt bas venant des taux d’inflation élevés l’emporte sur l’effet perte de compétitivité. L’effet stimulant peut produire une volatilité accrue des prix d’immobilier, surtout lorsque le régime fiscal tend à favoriser l’émergence de bulles. Cet article démontre que c’est en effet le cas, notamment dans les plus petits pays de la zone euro, ce qui peut expliquer en partie la persistance des différentiels d’inflation dans la zone euro.Classification JEL : H2 ; E52 ; E61 ; F42. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | 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. JEL Classification : H2 ; E52 ; E61 ; F42. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | fiscalité |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | union économique et monétaire |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Taxation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Economic and Monetary Union |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Économie internationale | 101 | 1 | 2005-03-01 | p. 29-45 | 1240-8093 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-economie-internationale-2005-1-page-29?lang=en&redirect-ssocas=7080">https://shs.cairn.info/revue-economie-internationale-2005-1-page-29?lang=en&redirect-ssocas=7080</a> |
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