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The recent boom in house prices in many countries during the Covid-19 pandemic and the possibility of household financial distress are of concern among some central banks. We revisit the empirical modelling of house prices and household debt with a policy-oriented perspective using Norwegian...
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estimated for G7 countries applying a Monte Carlo simulation method, in order to find out the predictive ability of the equation …
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is evaluated through various simulation exercises. It generates satisfactory in-sample and out-of-sample predictions for …
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rate, and primary expenditure, showing the expanded model's policy simulation capabilities. The next steps for developing …
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