Bericht
House Prices and Household Consumption
Neither standard economic theory nor empirical studies provide an unequivocal answer to the question of the effect of changes in house prices on household consumption. Estimating this effect empirically is demanding because both house prices and consumption are influenced by a number of common factors that are difficult to measure. Norwegian studies of the relationship between house prices and consumption have until now been based on time series for the country as a whole. In this article, I investigate the relationship between house prices and consumption using empirical analysis based on Norwegian data at the county level. The results suggest that there is a significant positive correlation between developments in house prices and household consumption. The estimated effects are consistent with the results of more recent studies based on national data for Norway, but are slightly weaker than the results of similar research in other countries.
- ISBN
-
978-82-8379-015-3
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Memo ; No. 11/2017
- Klassifikation
-
Wirtschaft
- Thema
-
consumption
house prices
panel data
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Grindaker, Morten Haabeth
- Ereignis
-
Veröffentlichung
- (wer)
-
Norges Bank
- (wo)
-
Oslo
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Grindaker, Morten Haabeth
- Norges Bank
Entstanden
- 2017
Ähnliche Objekte (12)
On the Risk of a Fall in Household Consumption in Norway
Debt and Household Consumption Responses
The Impact of House Prices on Household Debt When Controlling for Home Ownership
Credit, House Prices, and Risk Taking by Banks in Norway
Detecting Imbalances in House Prices: What Goes up Must Come Down?
House Prices in Norway 1819-1989
House Prices, Credit and the Effect of Monetary Policy in Norway: Evidence from Structural VAR Models
House Prices, Expectations, and Time-Varying Fundamentals
House price prediction using daily news data
Price Adjustments and Inflation - Evidence from Norwegian Consumer Price Data 1975-2004
Contributions to a History of Prices in Norway: Monthly Price Indices, 1777-1920
Regional US House Price Formation: One Model Fits All?
On the Risk of a Fall in Household Consumption in Norway
Debt and Household Consumption Responses
The Impact of House Prices on Household Debt When Controlling for Home Ownership
Credit, House Prices, and Risk Taking by Banks in Norway
Detecting Imbalances in House Prices: What Goes up Must Come Down?
House Prices in Norway 1819-1989
House Prices, Credit and the Effect of Monetary Policy in Norway: Evidence from Structural VAR Models
House Prices, Expectations, and Time-Varying Fundamentals
House price prediction using daily news data
Price Adjustments and Inflation - Evidence from Norwegian Consumer Price Data 1975-2004
Contributions to a History of Prices in Norway: Monthly Price Indices, 1777-1920
Regional US House Price Formation: One Model Fits All?
On the Risk of a Fall in Household Consumption in Norway
Debt and Household Consumption Responses
The Impact of House Prices on Household Debt When Controlling for Home Ownership
Credit, House Prices, and Risk Taking by Banks in Norway
Detecting Imbalances in House Prices: What Goes up Must Come Down?
House Prices in Norway 1819-1989
House Prices, Credit and the Effect of Monetary Policy in Norway: Evidence from Structural VAR Models
House Prices, Expectations, and Time-Varying Fundamentals
House price prediction using daily news data
Price Adjustments and Inflation - Evidence from Norwegian Consumer Price Data 1975-2004
Contributions to a History of Prices in Norway: Monthly Price Indices, 1777-1920