Population growth, interest rate, and housing tax in the transitional China

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• 作者：Ling-Yun He^a ; ^b ; ¹ ; ^{lyhe@amss.ac.cn} ; Xing-Chun Wen^c ; ²
• 关键词：Population growth ; Interest rate ; Housing price ; Housing tax
• 刊名：Physica A: Statistical Mechanics and its Applications
• 出版年：2017
• 出版时间：1 March 2017
• 年：2017
• 卷：469
• 期：Complete
• 页码：305-312
• 全文大小：553 K
• 卷排序：469

文摘

We propose a new model inspired by Lastrapes (2002) and Mankiw & Weil (1989). Integrated framework is proposed to incorporate both interest rate and population shocks. Effects of interest rate and population growth shocks on housing price are analyzed. We examine if housing (stock or flow) tax reduces the housing price fluctuations.