Essays about: "VECM"

Showing result 1 - 5 of 51 essays containing the word VECM.

  1. 1. The effect of rising interest rates on Swedish condominium prices.

    University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Author : Emil Bengtsson; Simon Påhlman; [2021-02-10]
    Keywords : Condominium prices; mortgage rate; interest rate; inflation; unemployment; GDP; equity wipe out; confidence; Animal spirit; VECM; Sweden; rising interest rate;

    Abstract : This study examines the effects of rising interest rates on condominium prices in Sweden using the Vector Error Correction Model (VECM). There have been several studies across the globe that have examined the relationship between house prices and interest rates, while the condominium segment has not been greatly covered. READ MORE

  2. 2. Is there a long-run relationship between stock prices and economic activity and are stock returns a leading indicator for economic growth? : Evidence from the Scandinavian countries: Sweden, Norway and Denmark

    University essay from Örebro universitet/Handelshögskolan vid Örebro Universitet; Örebro universitet/Handelshögskolan vid Örebro Universitet

    Author : Anna Carlsson; Jonas Holm; [2021]
    Keywords : ;

    Abstract : The purpose of this paper is twofold. First, the Johansen cointegration framework is applied to analyze the long-run relationship between stock prices and economic activity, using GDP as a proxy. In consideration of a long-run relationship a vector error correction model (VECM) is estimated to analyze the parameters of cointegration. READ MORE

  3. 3. Dynamics of U.S. House Prices : A VECM Approach

    University essay from Umeå universitet/Nationalekonomi

    Author : Marcus Ryhage; [2020]
    Keywords : ;

    Abstract : This paper aims to analyze the U.S. house price dynamics to estimate a long-term equilibrium price level for the U.S. READ MORE

  4. 4. Monetary Policy Implications Through a VEC Model

    University essay from Umeå universitet/Nationalekonomi

    Author : Ludwig Schmidt; [2020]
    Keywords : ;

    Abstract : This paper examines the effects of adjustments in the key policy rate, included as the interbank rate, on the Swedish household sector debt from the second quarter of 2000 to the third quarter of 2019. The effect is examined through a Vector Error-Correction (VEC) model to determine if it provides results that are aligned with the given theory. READ MORE

  5. 5. Export-led growth? : The case of Brazil

    University essay from Jönköping University/IHH, Nationalekonomi

    Author : Florian Schmidt; [2020]
    Keywords : export-led growth hypothesis ELGH ; economic growth; neoclassical theory of production; VECM; Granger Causality; Brazil;

    Abstract : With an ever-increasing globalising world, trade is of most importance for developing countries to not fall behind and be outcompeted. Export-led growth theory states that one of the key determinants for economic growth is exports. This thesis aims to analyse the causal effects of exports on economic growth in the case of Brazil. READ MORE