Ortega, Eva; Rubio, Margarita; Thomas, Carlos - Banco de España - 2011
low rental share. This may be partly attributed to the existence of fiscal distortions in Spain favoring ownership. In … ownership and renting and improving the efficiency of the rental market. We do so in the context of a DSGE model featuring a … existing subsidy to house purchases, introducing a comparable subsidy to rental payments or increasing the efficiency in the …