Browsing BI Research Centre's Series by Subject "Heterogeneity"

Now showing items 1-2 of 2

    • Asymmetric effects of monetary policy in regional housing markets 

      Aastveit, Knut Are; Anundsen, André K. (CAMP Working Paper Series;7, Working paper, 2017-12)
      The responsiveness of house prices to monetary policy shocks depends both on the nature of the shock – expansionary versus contractionary – and on city-specific housing supply elasticities. We test and find supporting ...

    • Changing supply elasticities and regional housing booms 

      Aastveit, Knut Are; Albuquerque, Bruno; Anundsen, André (CAMP Working Paper Series;04/2019, Working paper, 2019-06-18)
      Recent developments in US house prices mirror those of the 1996-2006 boom, but the recovery in construction activity has been weak. Using data for 254 US metropolitan areas, we show that housing supply elasticities have ...