relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the … finance ; terms of access ; household consumption ; birth cohorts ; pseudo panels …

Household debt and house prices in the United Kingdom rose substantially between 1987 and 2006. In this paper we use a … calibrated overlapping generations model of the household sector to examine the extent to which changes in demographics, lower … inflation, and a lower long-run real interest rate may explain the build-up of debt and the rise in house prices over that …