Housing, Financial and Capital Taxation Policies to Ensure Robust Growth in Sweden
Extensive structural reforms since the early 1990s have strengthened the resilience of the Swedish economy to shocks. However, more needs to be done to better manage near-term risks and ensure that growth remains sustainable in the longer run. Reforming the housing market would reduce the risks asso...
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description | Extensive structural reforms since the early 1990s have strengthened the resilience of the Swedish economy to shocks. However, more needs to be done to better manage near-term risks and ensure that growth remains sustainable in the longer run. Reforming the housing market would reduce the risks associated with high house prices, ensure adequate residential investment and improve labour mobility and well-being. Clarifying the division of responsibilities in financial regulation and improving the macroprudential toolkit would reduce the risks to stability and the contingent fiscal liabilities arising from a large, concentrated banking system. Better aligning the taxation of different types of assets would make taxation more neutral. This Working Paper relates to the 2012 OECD Economic Survey of Sweden (www.oecd.org/eco/surveys/sweden). [PUBLICATION ABSTRACT] |
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subjects | Building permits Construction costs Construction industry Cost control Economic development Fiscal policy Households Housing Housing needs Housing prices Interest rates Labor market Planning Price increases Property taxes Reforms Regulation of financial institutions Rent control Studies Tax reform Taxation Urban areas Zoning |
title | Housing, Financial and Capital Taxation Policies to Ensure Robust Growth in Sweden |
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