Policy-makers worldwide are grappling with how to make housing more affordable. Governments deploy a range of housing policy instruments to pursue the aims of housing affordability, ownership accessibility, and economic efficiency. The authors study four such instruments in this paper.

Abstract Beginning with [Johansen (1960)], computable general equilibrium (CGE) models have been widely applied to study the impact of a variety of economic policy issues. These include changes in macroeconomic or regional economic policies such as tariff reductions, changes in labour force demographics and skill levels, the impact of epidemics and terrorist attacks, the impact...

Financial regulators in Australia and overseas are requiring banks to raise additional capital. The benefits of this are understood in terms of reducing the risk of incurring the significant costs of another financial crisis. But there are potential costs from securing these benefits, in the form of unanticipated macroeconomic impacts as banks reduce leverage ratios...

We develop the financial CGE model by building on a multi-sectoral dynamic model of the real side of the Australian economy. In particular, we introduce explicit treatment of: (i) financial intermediaries and the agents with which they transact; (ii) financial instruments describing assets and liabilities; (iii) the financial flows related to these instruments; (iv) rates...

The future effects of population ageing on the Australian economy have been widely canvassed in recent years, most notably in the two Intergenerational Reports produced by the Australian Treasury and in the Economic Implications of an Ageing Australia report produced by the Productivity Commission. These reports are mainly concerned with the effect of ageing on...