Article ID Journal Published Year Pages File Type
961982 Journal of Housing Economics 2012 11 Pages PDF
Abstract
► We apply a common trend model to the private housing market in Sweden. ► We examine the effects of permanent shocks of income, interest rate and transitory shocks. ► Interest rates are found to play a dominant role in explaining housing price swings. ► Transitory shocks have less effect on price dynamics.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Permanent and transitory shocks in owner-occupied housing: A common trend model of price dynamics
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