Pass laws limiting rent landlords can charge on apartments

Reference no: EM133640733

Question

When cities pass laws limiting the rent landlords can charge on apartments, the laws usually apply to existing buildings and exempt any buildings not yet build. Advocates of rent control argue that this exemption ensures that rent control does not discourage the construction of new housing. Evaluate this argument in light of the time-inconsistency problem (such as that faced by macroeconomic policy makers; discussed in the chapter on Alternative Perspectives on Stabilization Policy).

Reference no: EM133640733

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