Blar i Arbeidsnotater / Working Papers på emneord "house prices"

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    • 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 ...

    • Downward nominal house price rigidity: Evidence from three centuries of data on housing transactions 

      Erlandsen, Solveig K.; Juelsrud, Ragnar Enger (Working paper;1/2023, Working paper, 2023)
      By analyzing housing data from the period 1850 to 2019 in Norway, we find evidence of downward nominal house price rigidity. More specifically, we document that there is a marked fraction of repeat-sales housing transactions ...

    • Has the Fed Responded to House and Stock Prices? : a Time-Varying Analysis 

      Aastveit, Knut Are; Furlanetto, Francesco; Loria, Francesca (Working Papers;1/2017, Working paper, 2017)
      In this paper we use a structural VAR model with time-varying parameters and stochastic volatility to investigate whether the Federal Reserve has responded systematically to asset prices and whether this response has changed ...

    • House Prices in Norway 1819–1989 

      Eitrheim, Øyvind; Erlandsen, Solveig K. (Working Papers;21/2004, Working paper, 2004)
      Annual house price indices for four Norwegian cities are presented for the period from 1819 to 1989. The indices are constructed on the basis of nominal housing transaction prices compiled from the real property registers ...

    • House Prices, Credit and the Effect of Monetary Policy in Norway: Evidence from Structural VAR Models 

      Robstad, Ørjan (Working Papers;5/2014, Working paper, 2014)
      This paper investigates the responses of house prices and household credit to monetary policy shocks in Norway, using Bayesian structural VAR models. I find that the effect of a monetary policy shock on house prices is ...

    • The Impact of House Prices on Household Debt When Controlling for Home Ownership 

      Jacobsen, Dag Henning; Vatne, Bjørn Helge (Working Papers;8/2011, Working paper, 2011)
      We analyze the effect of house price changes on debt secured on dwellings in Norway. To this end, we use both macro time series and micro panel data. With the intention of being both a cross-check and motivation for the ...

    • The Role of House Prices in the Monetary Policy Transmission Mechanism in Small Open Economies 

      Bjørnland, Hilde C.; Jacobsen, Dag Henning (Working Papers;6/2009, Working paper, 2009)
      We analyse the role of house prices in the monetary policy transmission mechanism in Norway, Sweden and the UK using structural VARs. A solution is proposed to the endogeneity problem of identifying hocks to interest rates ...

    • The Role of House Prices in the Monetary Policy Transmission Mechanism in the U.S. 

      Bjørnland, Hilde C.; Jacobsen, Dag Henning (Working Papers;24/2008, Working paper, 2008)
      We analyze the role of house prices in the monetary policy transmission mechanism in the U.S. using structural VARs. The VAR is identified using a combination of short-run and long-run (neutrality) restrictions, allowing ...