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

Urmas Varblane; Rein Jüriado; Oliver Lukason

doi:10.15157/tpep.v17i0.926

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

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

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How to Cite

Varblane, U., Jüriado, R., & Lukason, O. (1). 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

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Issue

Vol. 17 (2009)

Section

Articles. Artikeln. Artiklid

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