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Can property taxes reduce house price volatility? : evidence from U.S. regions /
We use a novel dataset on effective property tax rates in U.S. states and metropolitan statistical areas (MSAs) over the 2005-2014 period to analyze the relationship between property tax rates and house price volatility. We find that property tax rates have a negative impact on house price volatilit...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2016]
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| Colección: | IMF working paper ;
WP/16/216. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Contents; Abstract; I. Introduction; II. Theoretical Framework; III. Data and Descriptive Statistics; A. Data; B. Descriptive Statistics; IV. Empirical Analysis; A. Baseline Specification; B. Instrumental Variables; C. Difference-in-Difference Regressions; V. Conclusions; References; Tables; 1. Variables and Data Sources; 2. Descriptive Statistics; 3. Baseline Regressions; 4. Instrumental Variable Regressions; 5. Dynamic Panel GMM Regressions; 6. Difference-in-Difference Regressions: Geographical Supply Restrictions Index.
- 7. Difference-in-Difference Regressions: Regulatory Restrictions IndexFigures; 1. Graphical Illustration: Demand Shock and House Prices; 2. The Impact of Exogenous Demand Shock on House Prices; 3. House Prices and Property Tax Rates; 4. Volatility of House Prices; 5. House Price Volatility and Property Tax; 6. The Impact of Property Taxes on House Price Volatility.