• Costly reversals of bad policies: The case of the mortgage interest deduction 

      Karlman, Markus; Kinnerud, Karin; Kragh-Sørensen, Kasper (Journal article; Peer reviewed, 2020)
      This paper measures the welfare effects of removing the mortgage interest deduction under a variety of implementation scenarios. To this end, we build a life-cycle model with heterogeneous households calibrated to the U.S. ...
    • Down-payment requirements: Implications for portfolio choice and consumption 

      Balke, Kasper Kragh; Karlman, Markus; Kinnerud, Karin (HOFIMAR Working Paper Series;3/2024, Working paper, 2024-05)
      This paper considers optimal taxation of housing capital. To this end, we employ a life-cycle model calibrated to the U.S. economy, where asset holdings and labor productivity vary across households, and tax reforms lead ...
    • Winners and Losers from Property Taxation 

      Balke, Kasper Kragh; Karlman, Markus; Kinnerud, Karin (HOFIMAR Working Paper Series;4/2024, Working paper, 2024-06-21)
      This paper studies how down-payment requirements for house purchases affect households’ saving and housing decisions, and the implications for macroeconomic policy. Using a quantitative model, we find that households not ...