Real Estate Bubble Bursts and Government Policy during Crisis: Examples of Estonia, Ireland and Sweden

Authors

  • Urmas Varblane University of Tartu
  • Rein Jüriado University of Tartu
  • Oliver Lukason University of Tartu

DOI:

https://doi.org/10.15157/tpep.v17i0.926

Keywords:

real estate crisis, asset bubble burst, crisis policy

Abstract

The objective of current article is to view previous experience with real estate crises and taking into account such experience find suitable policy reactions to overcome the current Estonian crisis as smoothly as possible. Beside overall theoretical guidelines for overcoming the crisis, examples of Sweden and Ireland are viewed. The policy issues suggested for Estonia include some changes in tax laws, avoiding expansionary fiscal policy, making lending stricter and borrower responsible to higher extent, cooperation of different authorities to tackle problem of bad loans, initiating wage and price cut, paying more attention to exporting sector

Downloads

Download data is not yet available.

Downloads

How to Cite

Varblane, U., Jüriado, R., & Lukason, O. (2009). Real Estate Bubble Bursts and Government Policy during Crisis: Examples of Estonia, Ireland and Sweden. Estonian Discussions on Economic Policy, 17. https://doi.org/10.15157/tpep.v17i0.926

Issue

Vol. 17 (2009)

Section

Articles. Artikeln. Artiklid

License

The publication Estonian Discussions on Economic Policy uses the Creative Commons Attribution 4.0 License. With the delivery of a paper, the author grants to the Board also the right to publish the paper in the journal. The journal has set no obstacles or prohibitions to the authors for the future, and according to the current practice, authors subsequently use their paper as they consider it appropriate. Authors are personally responsible for the content, correct spelling and formatting of their publications.