We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …

We build a panel of 14 emerging economies to estimate the magnitude of housing, stock market, and money wealth eÞects … that: (i) wealth effects are statistically significant and relatively large in magnitude; (ii) housing wealth effects tend … countries; (iii) housing wealth effects have increased for Asian coutries in recent years; and (iv) consumption reacts stronger …

effects are relatively large and statistically significant; (ii) housing wealth effects are virtually nil and not significant …. -- Consumption ; housing wealth ; financial wealth …

housing wealth effects for the euro area. We use two macro-datasets for our estimations, one on the aggregate euro area for …, the panel estimation yields somewhat lower results (0.6 to 1.1 cents). The MPC out of nominal housing wealth lies between … 0.7 to 0.9 cents per euro for both datasets. When specifying housing wealth in real terms, i.e. when taking out the …

I investigate the effect of wealth on consumption in a new dataset with financial and housing wealth from 16 countries … euro area economies, consumption only barely reacts to wealth elsewhere. The effect of housing wealth is somewhat smaller … than that of financial wealth for most countries, but not for the US and the UK. The housing wealth effect has risen …

consume from a $1 change in housing wealth is about 2 cents, with a final eventual effect around 9 cents, substantially larger …, because neither theory nor evidence supports faith in the existence of a stable cointegrating vector. - Housing Wealth …