There is widespread disagreement about the role of housing wealth in explaining consumption.  This paper exploits … authors, to explain fluctuations in the ratios of consumption and household debt to income in South Africa, from 1971 to 2005 … variable with key interactions with drivers of consumption and debt.  Credit conditions are proxied by a spline function …

house prices on consumption documented in two papers using the same data set for the UK.  On the one hand, Campbell and … prices have the same impact on consumption across age groups, consistent with the so-called common factor hypothesis.  We … rule out that changes in the sample period, the definition of consumption, the data source, the type of price deflator, and …

to consume out of financial wealth and raises the effective rate of discount in the aggregate consumption Euler equation …

between 2004 and 2008, and that a significant proportion of households had to adjust food consumption in response.  Regression …

this industrious revolution using a model of labour supply where consumption takes time.  This analytical framework enables ….  This formulation clarifies the importance of new consumption opportunities in driving hours worked. …

modelling framework for analysing the household flow of funds jointly with consumption.  The consumption function incorporates … consumption and housing purchase decisions jointly with portfolio decisions, there is much to be gained in modelling a household …