Berger, Tommy; Englund, Peter; Hendershott, Patric H.; … - National Bureau of Economic Research (NBER) - 1998
We analyze by far the most extensive data base yet employed in estimating capitalization" of below-market interest rates into asset prices: nearly 300,000 sales of owner-occupied homes in" Sweden from 1981 to 1993 with 40,000 including government subsidized interest rates. Our" estimates...