• Asymmetric effects of monetary policy in regional housing markets 

      Aastveit, Knut Are; Anundsen, André K. (Working paper;25/2017, Working paper, 2017)
      The responsiveness of house prices to monetary policy shocks depends both on the nature of the shock – expansionary versus contractionary – and on city-specific housing supply elasticities. We test and find supporting ...
    • Changing Supply Elasticities and Regional Housing Booms 

      Aastveit, Knut Are; Albuquerque, Bruno; Anundsen, André (Working Paper;8/2019, Working paper, 2019)
      Recent developments in US house prices mirror those of the 1996-2006 boom, but the recovery in construction activity has been weak. Using data for 254 US metropolitan areas, we show hat housing supply elasticities have ...