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Skuldkvotens utveckling i Sverige - En tidsserieanalys av hur BNP, huspriser och realräntan har drivit de svenska hushållens skuldkvot

Lodén, Arvid LU and Amnebjer, Kajsa (2018) NEKH03 20181
Department of Economics
Abstract
The debt-to-income ratio in Sweden has the last year reached an alarming high level after years of a continuously upgoing trend. Hence, it is frequently discussed between institutions, governmental authorities and media. This thesis aims to investigate the level of impact economic activity, the housing market and financial costs of mortgages has on the debt-to-income ratio. This is done by using GDP, housing prices and real interest rate in a multiple regression time series model. The result shows that GDP and the real interest rate have a significant negative long run impact on the debt-to-income ratio. The result also show that housing prices have a significant positive long run impact on households’ debt-to-income ratio. In the... (More)
The debt-to-income ratio in Sweden has the last year reached an alarming high level after years of a continuously upgoing trend. Hence, it is frequently discussed between institutions, governmental authorities and media. This thesis aims to investigate the level of impact economic activity, the housing market and financial costs of mortgages has on the debt-to-income ratio. This is done by using GDP, housing prices and real interest rate in a multiple regression time series model. The result shows that GDP and the real interest rate have a significant negative long run impact on the debt-to-income ratio. The result also show that housing prices have a significant positive long run impact on households’ debt-to-income ratio. In the discussion the result is linked to Modigliani's life cycle theory, the financial accelerator and different policy actions. (Less)
Please use this url to cite or link to this publication:
author
Lodén, Arvid LU and Amnebjer, Kajsa
supervisor
organization
course
NEKH03 20181
year
type
M2 - Bachelor Degree
subject
keywords
household debt, housing market, real interest rate, GDP, policy actions
language
Swedish
id
8946858
date added to LUP
2018-07-05 11:23:07
date last changed
2018-07-05 11:23:07
@misc{8946858,
  abstract     = {The debt-to-income ratio in Sweden has the last year reached an alarming high level after years of a continuously upgoing trend. Hence, it is frequently discussed between institutions, governmental authorities and media. This thesis aims to investigate the level of impact economic activity, the housing market and financial costs of mortgages has on the debt-to-income ratio. This is done by using GDP, housing prices and real interest rate in a multiple regression time series model. The result shows that GDP and the real interest rate have a significant negative long run impact on the debt-to-income ratio. The result also show that housing prices have a significant positive long run impact on households’ debt-to-income ratio. In the discussion the result is linked to Modigliani's life cycle theory, the financial accelerator and different policy actions.},
  author       = {Lodén, Arvid and Amnebjer, Kajsa},
  keyword      = {household debt,housing market,real interest rate,GDP,policy actions},
  language     = {swe},
  note         = {Student Paper},
  title        = {Skuldkvotens utveckling i Sverige - En tidsserieanalys av hur BNP, huspriser och realräntan har drivit de svenska hushållens skuldkvot},
  year         = {2018},
}