Blar i ODA Open Digital Archive på forfatter "Anundsen, André Kallåk"
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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 ... -
Detecting Imbalances in House Prices: What Goes Up Must Come Down?
Anundsen, André Kallåk (The Scandinavian Journal of Economics;Volume 121, Issue 4, Peer reviewed; Journal article, 2019-03-07)I suggest a toolkit of four bubble-detection methods that can be used to monitor house price developments. These methods are applied to US, Finnish and Norwegian data. For the US, all measures unanimously suggest a bubble ... -
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, ... -
Location, location, location!: a quality-adjusted rent index for the Oslo office market
Anundsen, André Kallåk; Bjørland, Christian; Hagen, Marius (Journal of European Real Estate Research;, Peer reviewed; Journal article, 2021-08-27)Purpose: Commonly used rent indices are based on average developments or expert opinions. Such indices often suffer from compositional biases or low data coverage. The purpose of this paper is to overcome these challenges ... -
Nordic house price bubbles?
Anundsen, André Kallåk (Housing Lab Working Paper Series;, Working paper, 2020)This article estimates fundamental house prices for Denmark, Finland, Norway, and Sweden over the past 20 years. Fundamental house prices are determined by per capita income, the housing stock per capita, and the real ... -
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 ...