Control de alquileres en un un país con alta inflación

Córdoba

Workshop; Workshop del Instituto de Economía y Finanzas; 2019

Instituto de Economía.y Finanzas, Facultad de Ciencias Económicas, Universidad Nacional de Córdoba

After World War I, rent control has become a standard policy response to the housing shortageand price increases. The economists, typically, stigmatize it for creating inefficiencies in thehousing market and beyond it. Here, we investigate whether it had any effects in a country withan endemic inflation, such as Argentina. To answer this question we take advantage of a widerange of housing market indicators and restrictive rental regulation indices covering more than100 years. We find that rent control has exerted a statistically significant negative impact onthe growth rates of the real housing rents during the low-inflation phases and no effect duringthe high-inflation periods.