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Given the emphasis on price stability in monetary policy, the concern caused by recent rapid increases in housing prices are understandable.It is suspected that such rises may provide early indication of mounting inflationary pressure.The purpose of this paper is to formulate and estimate an...
Persistent link: https://www.econbiz.de/10012147744
"This paper is concerned with the nature of economic growth in the nine sectors of private business in the Swedish economy for the sample period 1963-1999. The results of the study indicate that there is substantial heterogeneity (across both sectors and time) in rates of value-added, hours...
Persistent link: https://www.econbiz.de/10010834473
Given the emphasis on price stability in monetary policy, the concern caused by recent rapid increases in housing prices are understandable. It is suspected that such rises may provide early indication of mounting inflationary pressure. The purpose of this paper is to formulate and estimate an...
Persistent link: https://www.econbiz.de/10005649012
A housing market model for Sweden has been estimated on semiannual data for 1970-97 by separately modelling the demand and the supply sides, specified in error correction form. On the demand side in the short run house prices adjust to the changes in the real after tax long interest rate,...
Persistent link: https://www.econbiz.de/10010800470
We estimate quarterly dynamic housing demand and investment supply models for Sweden and the UK for the sample period 1970-1998, using an Error Correction Method (ECM). In order to facilitate comparisons of results between Sweden and the UK we model both countries identically with approximately...
Persistent link: https://www.econbiz.de/10011153464
This study evaluates the performance of the eight most important Swedish domestic forecasters of real GDP-growth, CPI-inflation and unemployment for the sample period 1993-2001. The evaluation is based on the following measures: mean absolute error, the root mean square error, bias and finally...
Persistent link: https://www.econbiz.de/10005227906