Haku
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House prices, lending standards, and the macroeconomy
(26.01.2017)
Bank of Finland Research Discussion Papers 4/2017
Bank of Finland Research Discussion Papers 4/2017
I study the link between house prices, lending standards, and aggregate over-investment in housing. I develop a model of the housing market where the credit market is affected by asymmetric information. Selection is towards ...
Inflation, capital markets and household saving in Nordic countries
(27.01.1992)
Bank of Finland Research Discussion Papers 4/1992
Bank of Finland Research Discussion Papers 4/1992
Household saving ratios in the Nordie eountries are very low by intemational standards and have declined markedly during the 1980s. Aggregate quarterly time-series data for the period 1970-1989 are used to study the ...
Monetary policy and housing prices
(21.07.1988)
Bank of Finland Research Discussion Papers 15/1988
Bank of Finland Research Discussion Papers 15/1988
In this paper we study the determination of housing prices. We are particularly interested in how monetary policy affects housing prices. First we derived the explanatory variables for housing prices from the utility ...
Macroprudential measures and housing markets: a note on the empirical literature
(20.06.2016)
Bank of Finland Research Discussion Papers 18/2016
Bank of Finland Research Discussion Papers 18/2016
The global financial crisis has led to increased attention on the relationship of household indebtedness and systemic risks. As a result, macroprudential measures aimed at reducing the risks have been introduced in many ...
House prices, household saving and financial market liberalization in Finland
(25.10.1991)
Bank of Finland Research Discussion Papers 22/1991
Bank of Finland Research Discussion Papers 22/1991
This paper describes some institutional aspects of housing, markets and analyzes the price development of owner-occupied housing and its interaction with the household saving ratio in Finland during the last two decades. ...