Anundsen, André K.; Jansen, Eilev S. - In: Journal of Housing Economics 22 (2013) 3, pp. 192-212
The financial crisis has brought the interaction between housing prices and household borrowing into the limelight of … the economic policy debate. This paper examines the nexus of housing prices and credit in Norway within a structural … long-run, so that higher housing prices lead to a credit expansion, which in turn puts an upward pressure on prices …