Housing and Tax Policy: Comment

B-Tier
Journal: Journal of Money, Credit, and Banking
Year: 2021
Volume: 53
Issue: 8
Pages: 2215-2219

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Alpanda and Zubairy (2016) examine the effects of permanent changes to four types of housing‐related tax policies in the context of a multiagent dynamic general equilibrium (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 resimulate 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 and −0.02.

Technical Details

RePEc Handle
repec:wly:jmoncb:v:53:y:2021:i:8:p:2215-2219
Journal Field
Macro
Author Count
2
Added to Database
2026-01-29