for income and household portfolios, easier credit conditions raise house prices, debt and consumption. However, unlike in …There is widespread agreement that, in the United States, higher house prices raise consumption via collateral or … possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

contested determinants of the correlation between house prices and saving. Crucially, to compare the savings behaviour of home … and saving for young and old home-owners, both through a direct wealth eff ect and through housing equity serving as … collateral or precautionary wealth. …

increase in home equity by existing homeowners is responsible for a significant fraction of both the rise in U.S. household … 2008. Our conservative estimates suggest that home equity-based borrowing added $1.25 trillion in household debt, and …

significantly and that their customers reduced both borrowing and consumption relative to customers in non-exposed banks. Our …

Survey on Household Income and Wealth (1991-2010. The crisis has intensified the trends already under way, as confirmed by …This paper investigates trends in Italian households' saving and wealth in the last twenty years, with a special … people and tenants. Overall inequality in wealth distribution has increased. Poverty indicators based on income and wealth …