From a broad macro-financial structure perspective, credit conditions have gaven rise to house price booms and busts in several advanced economies (e.g., Ireland, Spain, and the U.S.), and, more specifically in the U.S., an underpricing of risk made possible by regulatory arbitrage and shadow...

Introduction -- The Home-Ownership Allowance and Residential Real Estate Prices -- The Tenancy Law Reform Act of 2001 and the Risk Perception of Residential Real Estate Investments -- The Municipal Trade Tax Multiplier and Office Purchase Prices and Rents -- Summary, Practical Implications, and...