Booms and Busts: Consumption, House Prices and Expectations

Over much of the past 25 years, house price and consumption growth have been closely synchronized. Three main hypotheses for this have been proposed: increases in house prices raise household wealth and so their consumption; house price growth reduces credit constraints by increasing the collateral...

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Bibliographic details
Volume: 76
Main Author: Orazio P. Attanasio
Laura Blow
Robert Hamilton
Andrew Leicester
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Oxford, UK London School of Economics and Political Science 01.02.2009
Blackwell Publishing Ltd
Wiley Subscription Services, Inc
published in: Economica (London) Vol. 76; no. 301; pp. 20 - 50
Data of publication: 20090201
ISSN: 0013-0427
EISSN: 1468-0335
Discipline: Economics
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2009
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