This paper evaluates the asymmetric transmission effects of housing wealth, household debt and financial assets on consumption spending in Greece over the period 1999Q4 to 2017Q4. We apply the Enders and Siklos (2001) methodology and use Stevans’s (2004) modification to capture these effects...

Economic theory suggests that it is important to study and analyse the consumption and saving behaviour of households.1 Consumption, the largest component of aggregate demand, has an impact on total demand; thus, changes in consumption cause fluctuations in economic activity. Moreover, the saving...