that fluctuations in household wealth have driven major swings in economic activity. This article considers so … example, research has documented the average historical relationship between aggregate household wealth and aggregate … consumption, and a large number of household-level studies suggest that wealth effects are larger for households facing credit …

or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … emerging markets and advanced countries alike. Given that housing is the most important asset in household portfolios, relaxing … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the …

or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … emerging markets and advanced countries alike. Given that housing is the most important asset in household portfolios, relaxing … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the …