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process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …
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The adoption of the euro in 2002 led to an unprecedented supply of cheap mortgage credit in Greece and Spain. The … housing bubbles that ensued amplified developers' incentives to offer bribes for illegal construction projects. We exploit the … for Greece and from 2006 through 2008 for Spain. We employ legal indictments of zoning officials from prosecution records …
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process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …
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During the Greek crisis the wealth tax on real estate (WTRE) was increased four-fold as a percentage of GDP in order to boost fiscal revenues. This increase contributed to an essentially complete freeze of the real estate market, a considerable drop in real estate prices, and a substantial...
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