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Housing wealth effect in emerging economies
Ciarlone, Alessio - In: Emerging Markets Review 12 (2011) 4, pp. 399-417
In this paper I estimate the impact of changes in real and financial wealth on private consumption for a panel of 17 …
Persistent link: https://www.econbiz.de/10010577793
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Housing wealth effect: Evidence from threshold estimation
Khalifa, Sherif; Seck, Ousmane; Tobing, Elwin - In: Journal of Housing Economics 22 (2013) 1, pp. 25-35
-dynamic panels with individual-specific fixed effects. The data are drawn from the Panel Study of Income Dynamics (PSID), during the …
Persistent link: https://www.econbiz.de/10010662574
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The Decline in Private Saving Rates in the 1990s in OECD Countries: How Much Can be Explained by Non-Wealth Determinants?
Serres, Alain de; Pelgrin, Florian - Economics Department, Organisation de Coopération et … - 2002
. Applying estimation techniques for systems of dynamic panel equations, this paper looks at basic determinants of private saving … techniques d’estimations pour un panel d’équations dynamiques, cette étude examine les principaux déterminants de l …
Persistent link: https://www.econbiz.de/10005046105
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Inequality and savings: a reassesment of the relationship in cointegrated panels
Tuomas, Malinen - Volkswirtschaftliche Fakultät, … - 2011
The effect of income inequality on savings and consumption has remained an open empirical issue despite several decades of research. Results obtained in this study indicate that income inequality and private consumption are both I(1) nonstationary variables that are cointegrated, and inequality...
Persistent link: https://www.econbiz.de/10009294673
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The Long-Run Relationship between Consumption, House Prices and Stock Prices in South Africa: Evidence from Provincial-Level Data
Apergis, Nicholas; Simo-Kengne, Beatrice D.; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2013
household consumption in South Africa using annual provincial-level panel data for the period 1995 to 2011. Based on available … data, recently developed econometric techniques for heterogeneous panel cointegration analysis are applied which allows us … propensity to consume out of housing wealth is found to be smaller than that of the stock market wealth. Based on the panel ECM …
Persistent link: https://www.econbiz.de/10010743486
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Income Inequality and Savings: A Reassessment of the Relationship in Cointegrated Panels
Malinen, Tuomas - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2011
The effect of income inequality on savings and consumption has remained an open empirical issue despite several decades of research. Results obtained in this study indicate that income inequality and private consumption are both I(1) non-stationary variables that are cointegrated, and inequality...
Persistent link: https://www.econbiz.de/10011123964
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Global imbalances and household savings: the role of wealth
Salotti, Simone - Volkswirtschaftliche Fakultät, … - 2008
savings using a panel of 18 developed countries for the period 1980-2005. We weave two strands of literature: the first strand …
Persistent link: https://www.econbiz.de/10008544701
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Housing markets after the crisis: lessons for the macroeconomy.
de Bandt, O.; Ferrara, F.; Vigna, O. - In: Quarterly selection of articles - Bulletin de la Banque … (2010) 17, pp. 39-45
As the current crisis has shown, housing markets give rise to significant macroeconomic shocks. This calls for their regular monitoring both from a monetary policy and financial stability point of view.
Persistent link: https://www.econbiz.de/10009276941
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Tobin Lives: Integrating evolving credit market architecture into flow of funds based macro-models
Muellbauer, John; Duca, John - Department of Economics, Oxford University - 2012
After the global financial crisis, there is greater awareness of the need to understand the interactions between the financial sector and the real economy and hence the potential for financial instability.  Data from the financial flow of funds, previously relatively neglected, are now seen as...
Persistent link: https://www.econbiz.de/10011004428
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Is Your Bubble About to Burst?
Tatom, John - Volkswirtschaftliche Fakultät, … - 2005
House prices have risen quite sharply since 2000. Coming on the heels of a stock market crash, many analysts have raised the specter of collapse in house prices and have conjured up dire consequences from such a collapse. This article examines the extent of the house price rise, whether there...
Persistent link: https://www.econbiz.de/10005620161