| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6365 |
| 来源ID | Working Paper 6365 |
| Another Look at the Capitalization of Interest Subsidies: Evidence from Sweden | |
| Tommy Berger; Peter Englund; Patric H. Hendershott; Bengt Turner | |
| 发表日期 | 1998 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | We analyze by far the most extensive data base yet employed in estimating capitalization" of below-market interest rates into asset prices: nearly 300,000 sales of owner-occupied homes in" Sweden from 1981 to 1993 with 40,000 including government subsidized interest rates. Our" estimates indicates very clearly that interest subsidies are capitalized into house prices. The" below-market financing parameter is consistently significantly negative in all model" specifications, irrespective of assumptions about the degree of foresight structure and interest rate measure for all ten regions that we have studied. In our favored model" specification the estimated capitalization coefficients center on minus unity capitalization. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w6365 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563870 |
| 推荐引用方式 GB/T 7714 | Tommy Berger,Peter Englund,Patric H. Hendershott,et al. Another Look at the Capitalization of Interest Subsidies: Evidence from Sweden. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6365.pdf（967KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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