, residential investment, real house prices and mortgage loans, while private consumption and nominal interest rate responses are … left unrestricted. The results suggest that consumption responds positively and significantly to a house price shock in …

This paper reviews the role of house prices in influencing private consumption and residential investment in OECD … borrow for current consumption on the basis of their housing wealth, and the easing of borrowing constraints has often been … for the major OECD countries suggest that house prices have a significant positive impact on private consumption through …

have eased the liquidity constraints facing households, thus raising the targeted level of consumption. The objective of … relationship between consumption and income, and more specifically on the wealth effect. A range of different procedures is used to …

mortgage markets. The paper focuses specifically on: the transmission channel from housing wealth to consumption and on the … that the strongest impact on consumption is in countries that have large, efficient and responsive mortgage markets …

Economists have traditionally been very cautious when studying the interaction between employment and health because of … the two-way causal relationship between these two variables: health status influences the probability of being employed … and, at the same time, working affects the health status. Because these two variables are determined simultaneously …

but others, including greenhouse gas emissions, continue to rise. Poor air and water quality threaten human health, create …

stress causes poor health outcomes – either directly through increased blood pressure, fatigue, muscle pain, etc. or … health. Areas in which economists may provide valuable insights regarding job stress include empirical selection concerns in … identifying the effect of stress on health; measurement error with respect to stress; the existence and magnitude of compensating …

efficient and well-targeted redistribution; and to make health and old-age pension insurance more inclusive. This working paper …