On the role of government land information in macroeconomic policies

Abstract

In many countries macroeconomic policy making and land administration operate indepen- dently. A review of the literature from both disciplines supports this view. The failure to include authoritative land information generated by a country's land administration system in macroeconomic policy making can result in suboptimal governmental fiscal and monetary decisions. This is demon- strated through two case studies of the Australian context, with a focus on managing land taxes and administering interest on debt financing. A simplified empirical model is derived from the study results. The model aims to articulate and promote the important role of government land information in policy and deci..