, since most housing is not simply financed out of current cash holdings but by mortgages, the institutions on mortgage … population) as well in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the mid …

, since most housing is not simply financed out of current cash holdings but by mortgages, the institutions on mortgage … population) as well as in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the …

We quantify the housing-consumption channel in mortgage demand according to which households borrow more following … a structural approach to mortgage demand and supply, exploiting exogenous variation in house-price growth and a unique … dataset with matched transaction-price and mortgage information. We estimate an elasticity of mortgage borrowing to house …

household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we …

household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we …

In this paper we examine whether house price changes drive mortgage-based equity extraction. To do this we use … information about mortgage borrowing as well as savings in various financial instruments. We find a marginal propensity to extract … actively taken out a new mortgage. These results point to the existence of a housing wealth effect that is intimately connected …

household debt, wealth inequality and consumption volatility. The households' consumption function, in the model, incorporates a …-based housing market model, calibrated using U.K. household survey data. We apply different Loan-to-Value (LTV) caps for different … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing …