Understanding the housing wealth effect is important for macroeconomic forecasting and policy setting. The paper uses cointegration theory to study the interplay between consumption, income and housing wealth in 14 countries observed quarterly from 1995 to 2013. Cointegration is found to be...

The nature of housing supply is critical for the functioning of the housing market, macroeconomic forecasting and policy setting. This study addresses a gap in the cross-country comparative literature by providing novel insights into the nature of new housing supply in 14 countries observed...