Drechsel, Dirk; Funk, Anne Kathrin - In: Swiss Journal of Economics and Statistics 153 (2017) 1, pp. 37-72
In light of the strong increase of house prices in Switzerland in the 2000s and early 2010s, we analyze the effects of mortgage rate shocks, changes in housing demand & supply and business cycle conditions on house prices for the time period 1982–2013. We study intertemporal effects by...
