Based on data on the living space of dwellings compiled by Statistics Denmark and data on housing prices compiled by Realkreditraadet (the Association of Danish Mortgage Banks), we calculate three measures of housing wealth for Denmark in the period from 1981 to 2006. These measures include...

In this paper, we estimate a consumption function based on a new set of data for household wealth. The basis is a standard error correction model where consumption is driven by income and wealth developments in the long run. The model which is estimated on quarterly data for the period 1973-2005...

Based on data on the living space of dwellings compiled by Statistics Denmark and data on housing prices compiled by Realkreditraadet (the Association of Danish Mortgage Banks), we calculate three measures of housing wealth for Denmark in the period from 1981 to 2006. These measures include...

Med afsæt i et historisk lavt dividende-pris (D-P) forhold har Tom Engsted & Carsten Tanggaard prædikteret, at det danske aktiemarked vil falde med 50 % i.f.t niveauet i 1996, idet en tilbagevenden af D-P ratioen til det historiske gennemsnit hævdes primært at komme i stand via styrtdykkende...

Dette papir beskriver afkast og risici ved investering i det danske aktiemarked over en lang historisk periode. Det er almindeligt kendt, at aktier giver et højt gennemsnitligt afkast sammenlignet med obligationer mod til gengæld at være mere risikable på kort sigt. Derimod er det mere...