borrow for current consumption on the basis of their housing wealth, and the easing of borrowing constraints has often been … wealth effects and/or an easing of liquidity constraints. House prices also influence the profitability of house building …

relationship between consumption and income, and more specifically on the wealth effect. A range of different procedures is used to … assess the impact of financial deregulation on global wealth and on its different components (financial, housing and others …

impact of financial and housing wealth on money demand. It tests the hypothesis, whether wealth associated with increases in … and a wealth variable (a composite of residential property and stocks) within an error-correction framework provides … evidence of positive wealth effects from financial and housing assets on money demand in the long run, but no significant …

mortgage markets. The paper focuses specifically on: the transmission channel from housing wealth to consumption and on the …. Estimates of the marginal propensity to consume out of housing wealth are presented for ten OECD countries, where it is found …

. Within countries, it assesses the possibilities for individuals to protect their wealth, labour and capital income against …