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 data over the last four decades within the cointegrated VAR model …

This paper examines macroeconomic dynamics of household debt and housing prices. Drawing on Minsky's insights into … financial instability and cycles, our framework combines household debt dynamics with behavioral asset price dynamics in a … Keynesian macro model. We show that endogenous boom-bust cycles can emerge through the interaction between household debt and …