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Property markets and policies in an intertemporal general equilibrium model

Tang, Kam-Ki

Description

This paper presents a theoretical simulation model to examine the interaction between property markets and the rest of the economy. The model is a rational expectation, intertemporal general equilibrium model, with multiple sectors and real estate markets. The model emphasizes the interdependence between sectors as well as the government’s role in the property markets. It is demonstrated that a resource boom in a durable nontradable sector can improve the current account balance of the home...[Show more]

dc.contributor.authorTang, Kam-Ki
dc.date.accessioned2003-08-13
dc.date.accessioned2004-05-19T18:25:10Z
dc.date.accessioned2011-01-05T08:28:56Z
dc.date.available2004-05-19T18:25:10Z
dc.date.available2011-01-05T08:28:56Z
dc.date.created1998
dc.identifier.urihttp://hdl.handle.net/1885/41863
dc.identifier.urihttp://digitalcollections.anu.edu.au/handle/1885/41863
dc.description.abstractThis paper presents a theoretical simulation model to examine the interaction between property markets and the rest of the economy. The model is a rational expectation, intertemporal general equilibrium model, with multiple sectors and real estate markets. The model emphasizes the interdependence between sectors as well as the government’s role in the property markets. It is demonstrated that a resource boom in a durable nontradable sector can improve the current account balance of the home economy in the short run. Secondly, when there is production interdependency between sectors, resource booms in one sector does not necessarily cause contraction in other sectors.
dc.format.extent119600 bytes
dc.format.extent357 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/octet-stream
dc.language.isoen_AU
dc.subjectproperty markets
dc.subjecteconomy
dc.subjectreal estate markets
dc.subjectpolicies
dc.subjectproduction interdependency
dc.subjectintertemporal general equilibrium model
dc.titleProperty markets and policies in an intertemporal general equilibrium model
dc.typeWorking/Technical Paper
local.description.refereedno
local.identifier.citationmonthnov
local.identifier.citationyear1998
local.identifier.eprintid1841
local.rights.ispublishedno
dc.date.issued1998
local.contributor.affiliationANU
local.contributor.affiliationEconomics, RSPAS
local.citationWorking papers in Trade and Development no.99/1
CollectionsANU Research Publications

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