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Persistent link: https://www.econbiz.de/10014528543
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive changes in consumption. However, this might be a...
Persistent link: https://www.econbiz.de/10009772970
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive changes in consumption. However, this might constitute...
Persistent link: https://www.econbiz.de/10010337472
household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we …
Persistent link: https://www.econbiz.de/10012917219
-based housing market model, calibrated using U.K. household survey data. We apply different Loan-to-Value (LTV) caps for different … household debt, wealth inequality and consumption volatility. The households' consumption function, in the model, incorporates a … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing …
Persistent link: https://www.econbiz.de/10012659147
Persistent link: https://www.econbiz.de/10011570623
household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we …
Persistent link: https://www.econbiz.de/10011883248
Persistent link: https://www.econbiz.de/10013543136
-based housing market model, calibrated using U.K. household survey data. We apply different Loan-to-Value (LTV) caps for different … household debt, wealth inequality and consumption volatility. The households' consumption function, in the model, incorporates a … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing …
Persistent link: https://www.econbiz.de/10012614086
Persistent link: https://www.econbiz.de/10012395575