Jonung, Lars; Schuknecht, Ludger; Tujula, Mika - Center for Financial Studies - 2006
Keywords: Boom, Bust, Asset Price Cycles, Real Interest Rates, Financial Crisis, Finland,
Sweden
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The Boom-Bust Cycle in … regulations restricted the level of interest rates and
the supply of credit in both countries. High inflation and high inflation … expectations had
been deeply rooted since the early 1970s, which combined with regulated nominal
interest rates established low …