PhD defence: Claes Bäckman

In Denmark and in many countries around the world housing markets are of considerable importance for households and policy-makers alike. As the boom and bust in the US and Danish housing market so aptly demonstrated, disruptions in the housing market have potentially wide-ranging consequences for individual households and for the aggregate economy. This Ph.D. thesis analyzes the Danish housing market during the 2000s, with a focus on how policy changes affected house prices and how changes in house prices affected households. The first chapter provides an overview of the Danish housing and mortgage market and describes how house prices developed between 1998 and 2010. The second chapter uses a natural experiment to assess the impact on house prices of a new form of mortgage product. The third chapter estimates how house price changes affects household-level consumption expenditure.
 
Primary Supervisor:
Professor Marcus Asplund
Department of Economics
Copenhagen Business School
 
Secondary Supervisors:
Professor Steffen Andersen
Department of Finance
Copenhagen Business School

Assistant Professor Natalia Khorunzhina
Department of Economics
Copenhagen Business School
 
Assessment Committee:
Associate professor Fane Naja Groes (Chair)
Department of Economics
Copenhagen Business School

Professor João Cocco
London Business School

Professor Søren Leth-Petersen
Department of Economics
University of Copenhagen

Thesis:
The thesis is available here
 
Reception:
The Doctoral School of Economics and Management will host a reception, which will take place immediately after the defence in The Gallery, Porcelænshaven 26, 2000 Frederiksberg.