Coverart for item
The Resource Housing price and household debt interactions in Sweden, prepared by Rima A. Turk

Housing price and household debt interactions in Sweden, prepared by Rima A. Turk

Label
Housing price and household debt interactions in Sweden
Title
Housing price and household debt interactions in Sweden
Statement of responsibility
prepared by Rima A. Turk
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Sweden is experiencing double-digit housing price gains alongside rising household debt. A common interpretation is that mortgage lending boosted by expansionary monetary policy is driving up house prices. But theory suggests the value of housing collateral is also important for household's capacity to borrow. This paper examines the interactions between housing prices and household debt using a three-equation model, finding that household borrowing impacts housing prices in the short-run, but the price of housing is the main driver of the secular trend in household debt over the long-run. Both housing prices and household debt are estimated to be moderately above their long-run equilibrium levels, but the adjustment toward equilibrium is not found to be rapid. Whereas low interest rates have contributed to the recent surge in housing prices, growth in incomes and financial assets play a larger role. Policy experiments suggest that a gradual phasing out of mortgage interest deductibility is likely to have a manageable effect on housing prices and household debt.--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Turk Ariss, Rima
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 15/276 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/15/276
http://library.link/vocab/subjectName
  • Housing
  • Households
  • Consumer credit
  • Consumer credit
  • Households
  • Housing
  • Sweden
Label
Housing price and household debt interactions in Sweden, prepared by Rima A. Turk
Instantiates
Publication
Copyright
Note
  • "December 2015."
  • "European Department."
Bibliography note
Includes bibliographical references (pages 37-40)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
936439329
Extent
1 online resource (44 pages)
Form of item
online
Isbn
9781513586205
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781513586205.001
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)936439329
Label
Housing price and household debt interactions in Sweden, prepared by Rima A. Turk
Publication
Copyright
Note
  • "December 2015."
  • "European Department."
Bibliography note
Includes bibliographical references (pages 37-40)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
936439329
Extent
1 online resource (44 pages)
Form of item
online
Isbn
9781513586205
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781513586205.001
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)936439329

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