Unconventional Monetary Policy in Scandinavia: A Local Projection Analysis of House Prices
This paper investigates the spillover effects of unconventional and conventional monetary policy measures on house prices in Denmark, Norway, and Sweden. Two notable results were found using the local projections method and data, including the years of the Covid Pandemic and the Invasion of Ukraine. The first result revealed that policy rate and total asset shocks had spillover effects on house pr
