This collection of seven papers deals with three different areas of econometric applications: consumption, asset prices, and forecasting. The papers apply techniques related to the analysis of unit roots and cointegration methods. <p> The first paper deals with consumption theories and formulates...</p>

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...

Sisällysluettelo: Kari Takala Studies in time series analysis of consumption, asset prices and forecasting 11 Kari Takala The consumption function in Finland revisited; An error-correction model for Finnish consumption 37 Kari Takala Excess sensitivity testing of consumption with Finnish data 79...

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...