modelling framework for analysing the household flow of funds jointly with consumption.  The consumption function incorporates … consumption and housing purchase decisions jointly with portfolio decisions, there is much to be gained in modelling a household …

A dynamic consumption function, where consumption in the long run is determined by households' disposable income and … wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over several … deregulation and the current international financial crisis. In the current version, long run consumption is homogeneous in income …

The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … 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 … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …

We build a panel of 14 emerging economies to estimate the magnitude of wealth effects on consumption. Using modern …

In this paper we present new estimates of the effect of households� financial and real wealth on consumption. The … wealth have a positive effect on consumption. Overall, the influence of net financial assets is stronger than that of real …

A dynamic consumption function, where consumption in the long run is determined by households’ disposable income and … wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over several … deregulation and the current international financial crisis. In the current version, long run consumption is homogeneous in income …

broadly, financial assets), which is often interpreted as a larger MPC (Marginal Propensity of Consumption) out of housing … assets. We build a household consumption and portfolio choice model with two risky assets, housing and stocks, whereby … collateral eect on non-durable consumption. …

housing wealth exerts a positive influence on consumption. Whilst informative, the aggregate results not allow us to identify … therefore used to assess whether behaviour at the household level can further explain consumption trends at the aggregate level …. We observe a strong correlation between house price levels and consumption for young, middle- and older-aged cohorts. The …

The effects of changes in wealth on consumption in Thailand are estimated, using a cross-sectional household survey … conducted in 2010. It is found that consumption, after conditioning for income and household characteristics, is increasing in … wealth, whether measured in terms of net worth or gross asset values. The estimated elasticity of consumption with respect to …