Starting in the mid 1980s, the level and volatility of inflation decreased across industrial countries. The inflation stabilization can be explained by a shift in monetary policy or by a lucky period of low volatility in business cycle shocks. To test the "good luck hypothesis", we examine the...

Transitioning to a low-carbon economy implies both risks and opportunities in the Danish housing sector, which accounts for one fourth of Denmark's CO2 emissions. We study the heterogeneous impacts on house prices of rising energy prices and energy renovations by combining micro-level data on...

I build a DSGE model where households face two occasionally binding credit constraints: a loan-tovalue (LTV) constraint and a debt-service-to-income (DTI) constraint. From an estimation of the model, I infer when each constraint was binding over the 1975-2017 timespan. The LTV constraint often...