.@kimmaicutler Were you asking me about this?
"In Germany, planning law freezes the value of [residential] land"http://www.ft.com/intl/cms/s/0/ffee45f8-7738-11e5-a95a-27d368e1ddf7.html#axzz3pBU0QQnx …
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@kimmaicutler As far as I know. It makes sense. How can you have a business cycle if land prices are fixed?@RichardBlyth7@policynetwork -
@kimmaicutler At least it could not have the regular sort of endogenous cycle that other places have.@RichardBlyth7@policynetwork - 7 more replies
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