Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 유혜미 | - |
dc.date.accessioned | 2022-11-10T07:28:51Z | - |
dc.date.available | 2022-11-10T07:28:51Z | - |
dc.date.issued | 2021-06 | - |
dc.identifier.citation | The Korean Economic Review, v. 37, NO. 2, Page. 199-223 | en_US |
dc.identifier.issn | 0254-3737 | en_US |
dc.identifier.uri | https://www.kci.go.kr/kciportal/landing/article.kci?arti_id=ART002732277 | en_US |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/176629 | - |
dc.description.abstract | This paper explores the long-term effect of recent housing policies in Korea. Using a twosector general equilibrium model with heterogeneous agents, we conduct three policy experiments: i) a reduction in the loan-to-value (LTV) ratio; ii) an increase in the house acquisition tax rate; iii) an increase in the property tax rate. We find that all three policies increase the relative price of housing structures in the long run, yet their quantitative effect is small, and that the reduced LTV ratio is effective in reducing the household debt. Heterogeneous responses to these policies depending on household wealth are crucial in these results. | en_US |
dc.description.sponsorship | We thank the editor and two anonymous referees for their extremely insightful comments and suggestions. This work was supported by the research fund of Hanyang University (HY-2017). This paper was also supported financially by the Bank of Korea. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Bank of Korea. | en_US |
dc.language | en | en_US |
dc.publisher | 한국경제학회 | en_US |
dc.source | 81383_유혜미.pdf | - |
dc.subject | 주택 정책 | en_US |
dc.subject | 주택 가격 | en_US |
dc.subject | 가계 부채 | en_US |
dc.subject | 이질적 경제주체 | en_US |
dc.subject | Housing Policies | en_US |
dc.subject | House Prices | en_US |
dc.subject | Household Debt | en_US |
dc.subject | Heterogeneous Agents | en_US |
dc.title | On the Long-Term Effect of Recent Housing Policies in Korea | en_US |
dc.title.alternative | 최근 한국 주택 정책의 장기 효과에 대한 연구 | en_US |
dc.type | Article | en_US |
dc.relation.no | 2 | - |
dc.relation.volume | 37 | - |
dc.identifier.doi | 10.22841/kerdoi.2021.37.2.001 | en_US |
dc.relation.page | 199-223 | - |
dc.relation.journal | The Korean Economic Review | - |
dc.contributor.googleauthor | Seok, Byoung Hoon | - |
dc.contributor.googleauthor | You, Hye Mi | - |
dc.sector.campus | S | - |
dc.sector.daehak | 경제금융대학 | - |
dc.sector.department | 경제금융학부 | - |
dc.identifier.pid | hyemiyou | - |
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