• Asymmetric effects of monetary policy in regional housing markets 

      Aastveit, Knut Are; Anundsen, André Kallåk (American Economic Journal: Macroeconomics;Vol. 14, No. 4, Peer reviewed; Journal article, 2021-10-04)
      The responsiveness of house prices to monetary policy shocks depends on the nature of the shock—expansionary versus contractionary—and on local housing supply elasticities. These findings are established using a panel of ...
    • House price bubbles in the Nordic countries 

      Anundsen, André Kallåk (Peer reviewed; Journal article, 2021)
      I estimate fundamental house prices for Denmark, Finland, Norway, and Sweden over the past 20 years. My results suggest that house prices were overvalued in all countries in the years preceding the global financial crisis, ...
    • Testing the empirical relevance of the "saving for a rainy day" hypothesis in US metro areas 

      Anundsen, André Kallåk; Nymoen, Ragnar (Oxford Bulletin of Economics and Statistics;Volume 81, Issue 6, December 2019, Journal article; Peer reviewed, 2019)
      The joint implication of the consumption Euler equation and cointegration between income and consumption is that savings predict future income declines, the ‘saving for a rainy day’ hypothesis. The empirical relevance of ...