Global household leverage, house prices, and consumption

Household leverage in the United States and many industrial countries increased dramatically in the decade prior to 2007. Countries with the largest increases in household leverage tended to experience the fastest rises in house prices over the same period. These same countries tended to experience the biggest declines in household consumption once house prices started falling.

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Year of publication:	2010
Authors:	Glick, Reuven ; Lansing, Kevin J.
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2010, 01
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Households - Economic aspects \| Financial leverage \| Housing - Prices \| Consumer behavior \| Consumption (Economics)

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008535566