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House Prices and Economic Activity
Girouard, Nathalie; Blöndal, Sveinbjörn - Economics Department, Organisation de Coopération et … - 2001
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 …
Persistent link: https://www.econbiz.de/10005045630
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Financial Market Liberalisation, Wealth and Consumption
Boone, Laurence; Girouard, Nathalie; Wanner, Isabelle - Economics Department, Organisation de Coopération et … - 2001
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 …
Persistent link: https://www.econbiz.de/10005045935
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The Danish Housing Market: Less Subsidy and more Flexibility
Erlandsen, Espen; Lundsgaard, Jens; Hüfner, Felix - Economics Department, Organisation de Coopération et … - 2006
While Denmark has fairly flexible labour and product markets in most respects, the housing market stands out with large direct and indirect subsidies for all types of housing and a highly regulated rental market hindering mobility, probably resulting in a mismatch between housing needs and use....
Persistent link: https://www.econbiz.de/10005046153
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The Danish Housing Market : Less Subsidy and more Flexibility
Erlandsen, Espen - 2006
While Denmark has fairly flexible labour and product markets in most respects, the housing market stands out with large direct and indirect subsidies for all types of housing and a highly regulated rental market hindering mobility, probably resulting in a mismatch between housing needs and use....
Persistent link: https://www.econbiz.de/10012445788
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Housing Markets, Wealth and the Business Cycle
Catte, Pietro; Girouard, Nathalie; Price, Robert W.R.; … - Economics Department, Organisation de Coopération et … - 2004
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 …
Persistent link: https://www.econbiz.de/10005046210
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Selected Aspects of Household Savings in Germany: Evidence from Micro-Data
Kolerus, Christina; Koske, Isabell; Hüfner, Felix - Economics Department, Organisation de Coopération et … - 2012
This paper uses household level data from the German Socio-Economic Panel (GSOEP) over the period 1991 to 2008 to analyse the driving factors of movements in the German household savings rate. Specifically, it analyses the impact of the precautionary savings motive and the impact of the 2002...
Persistent link: https://www.econbiz.de/10011276952
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Financial Market Liberalisation, Wealth and Consumption
Boone, Laurence - 2001
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 …
Persistent link: https://www.econbiz.de/10012444896
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House Prices and Economic Activity
Girouard, Nathalie - 2001
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 …
Persistent link: https://www.econbiz.de/10012446236
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Deleveraging: Challenges, Progress and Policies
Bouis, Romain; Christensen, Ane Kathrine; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2013
In the run-up to the financial crisis, indebtedness of households and non-financial businesses rose to historically high levels in many OECD countries; gross debt of financial companies rose dramatically relative to GDP. Much of the debt accumulation appears to have been based on excessive...
Persistent link: https://www.econbiz.de/10011276972
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Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and Other Culprits
Égert, Balázs - Economics Department, Organisation de Coopération et … - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10008461038