impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the …

an accumulation of household debt and a downturn in house prices has a substantial adverse impact on consumption. … sample for investigating the relevance of the housing net worth channel to consumption developments. The evidence presented … consumption. It does not have an impact outside that downturn. Consequently, the results add to the international evidence of how …

Exploring dynamics of household final consumption is an important concern for policy-makers. Turkey had witnessed … and therefore, other macroeconomic variables. In this paper, we examine the linkage between household final consumption … positively, interest rate and equity market wealth are negatively associated with consumption. Variance decomposition and impulse …

expectations, consistent with wealth effects and higher expected housing costs offsetting each other. However, renters reduce their … evidence has implications for the role of asset price expectations in business cycle dynamics and consumption inequality. …

an innovative approach to identifying households likely in need of credit to investigate the effect on household spending … negative income shock and having limited liquid wealth. These findings contribute to the discussion of the linkages between the …

countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …. Fifth, we find evidences that housing prices shock decreases consumption inequality while financial wealth shocks have a …This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within …

the consumption level of all households who are perceived to be richer, on household savings and consumption. When …We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household … data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as …