Sökning: onr:"swepub:oai:DiVA.org:uu-82799" >
Housing Wealth and ...
Housing Wealth and Aggregate Consumption in Sweden
-
- Chen, Jie, 1974- (författare)
- Uppsala universitet,Institutet för bostads- och urbanforskning (IBF),Nationalekonomiska institutionen
-
(creator_code:org_t)
- Uppsala : Department of Economics, Uppsala University, 2006
- Engelska 52 s.
-
Serie: Working paper / Department of Economics, Uppsala University (Online), 1653-6975 ; 2006:16
- Relaterad länk:
-
https://uu.diva-port... (primary) (Raw object)
-
visa fler...
-
https://urn.kb.se/re...
-
visa färre...
Abstract
Ämnesord
Stäng
- This paper extends the VECM cointegration model and PT (permanent-transitory) variance decomposition framework proposed by Lettau & Ludvigson (2004) and applies them on the Swedish data spanning from 1980q1 to 2004q4. There are strong statistical evidences that the movements of aggregate consumption, disposable income, housing wealth and financial wealth are tied together. However, it also suggests that the short run variations in the Swedish housing market are largely dissociated with consumer spending. Meanwhile, it is shown that the strength of the linkage between consumption and housing wealth is not sensitive to different model specifications and various measures of key variables.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- housing allowance
- discrete-time hazard
- duration dependence
- SOCIAL SCIENCES
- SAMHÄLLSVETENSKAP
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)