After a decade under federal control, the Belgian regions became responsible for the mortgage interest and capital deduction (MICD) in 2015. One region drastically reduced the average subsidy while another left it unaffected. Exploiting this variation in a difference in differences design, we...

This paper investigates heterogeneity in residential property yields using rental and sale listings from the largest German internet real estate platform. Equipped with property-level rent-to-price ratios obtained via matching properties for sale and for rent, we show that they strongly co-move...