1. Persistence in China’s household consumption level: implications for the new growth model. (2025). Gil-Alana, Luis ; Claudio-Quiroga, Gloria ; Larrarte, Andoni Maiza.
   In: Journal of Economics and Finance.
   RePEc:spr:jecfin:v:49:y:2025:i:1:d:10.1007_s12197-025-09709-x.

   Full description at Econpapers || Download paper

1. Aladangady A (2017) Housing wealth and consumption: Evidence from geographically-linked microdata. Am Econ Rev 107:3415–46.

2. Aron J, Duca JV, Muellbauer J, Murata K, Murphy A (2012) Credit, housing collateral, and consumption: Evidence from Japan, the UK, and the US. Rev Income Wealth 58:397–423.
   Paper not yet in RePEc: Add citation now
   

3. Attanasio OP, Weber G (1994) The UK consumption boom of the late 1980s: aggregate implications of microeconomic evidence. Econ J 104:1269–1302.

4. Bankowska K, Lamarche P, Osier G, Pérez-Duarte S et al (2015) Measuring household debt vulnerability in the euro area. IFC Bulletins Chapters 39.
   Paper not yet in RePEc: Add citation now
   

5. Barro RJ (1976) The loan market, collateral, and rates of interest. J Money Credit Bank 8:439–456.

6. Berger D, Guerrieri V, Lorenzoni G, Vavra J (2018) House prices and consumer spending. Rev Econ Studies 85:1502–1542.

7. Campbell JY, Cocco JF (2007) How do house prices affect consumption? Evidence from micro data. J Monet Econ 54:591–621.

8. Carroll CD, Otsuka M, Slacalek J (2011) How large are housing and financial wealth effects? A new approach. J Money Credit Bank 43:55–79.

9. Carroll CD, Slacalek J, Tokuoka K (2014) The distribution of wealth and the MPC: Implications of new European data. Am Econ Rev 104:107–111.

10. Case KE, Quigley JM, Shiller RJ (2005) Comparing wealth effects: the stock market versus the housing market. Adv Macroecon 5.

11. Chaney T, Sraer D, Thesmar D (2012) The collateral channel: How real estate shocks affect corporate investment. Am Econ Rev 102:2381–2409.

12. Cooper D (2009) Impending US spending bust? The role of housing wealth as borrowing collateral, The Role of Housing Wealth as Borrowing Collateral (November 13, 2009). FRB of Boston public policy discussion paper.
    Paper not yet in RePEc: Add citation now
    
13. Flavin M, Yamashita T (2002) Owner-occupied housing and the composition of the household portfolio. Am Econ Rev 92:345–362.
    Paper not yet in RePEc: Add citation now
    

14. Guerrieri L, Iacoviello M (2017) Collateral constraints and macroeconomic asymmetries. J Monet Econ 90:28–49.

15. Guerrieri V, Uhlig H (2016) Housing and Credit Markets. In Taylor J, Uhlig H (ed) Handbook of Macroeconomics, Elsevier, vol 2, Handbook of Macroeconomics, 1427–1496.

16. Hall RE (2009) By how much does GDP rise if the government buys more output? Tech. rep, National Bureau of Economic Research.

17. Hart O, Moore J (1994) A theory of debt based on the inalienability of human capital. Q J Econ 109:841–879.

18. Johnson KW, Li G (2010) The debt-payment-to-income ratio as an indicator of borrowing constraints: Evidence from two household surveys. J Money Credit Bank 42:1373–1390.

19. Kaplan G, Violante GL, Weidner J (2014) The wealthy hand-to-mouth. Tech. rep, National Bureau of Economic Research.

20. Ludwig A, Sløk T (2004) The relationship between stock prices, house prices and consumption in OECD countries. Topics in Macroeconomics 4.

21. Muellbauer J, Williams D (2011) Credit conditions and the real economy: The elephant in the room.

22. Network C (2020) The Household Finance and Consumption Survey: Results from the 2017 wave. Tech. rep, ECB Statistics Paper.
    Paper not yet in RePEc: Add citation now
    

23. Owyang MT, Ramey VA, Zubairy S (2013) Are government spending multipliers greater during periods of slack? Evidence from twentieth-century historical data. Am Econ Rev 103:129–34.

24. Pflueger CE, Wang S (2015) A robust test for weak instruments in Stata. Stata J 15:216–225.

25. Piazzesi M, Schneider M (2016) Housing and Macroeconomics. In Handbook of macroeconomics. Elsevier vol 2, pp 1547–1640.

26. Ramey VA, Zubairy S (2014) Government spending multipliers in good times and in bad: evidence from us historical data (Tech Rep).
    Paper not yet in RePEc: Add citation now
    

27. Saiz A (2010) The geographic determinants of housing supply. Q J Econ 125:1253–1296.

28. Sinai T, Souleles NS (2005) Owner-occupied housing as a hedge against rent risk. Q J Econ 120:763–789.

29. Stiglitz JE, Weiss A (1981) Credit rationing in markets with imperfect information. Am Econ Rev 71:393–410.
    Paper not yet in RePEc: Add citation now
    
30. Stock J (2001) Instrumental Variables in Statistics and Econometrics. In: Smelser NJ, Baltes PB (eds) International Encyclopedia of the Social & Behavioral Sciences. Pergamon, Oxford, pp 7577–7582.
    Paper not yet in RePEc: Add citation now
    

31. Zeldes SP (1989) Consumption and liquidity constraints: an empirical investigation. J Pol Econ 97:305–346.

1. House price rises and borrowing to invest. (2024). Low, Hamish ; Crossley, Thomas ; Levell, Peter.
   In: Journal of Economic Behavior & Organization.
   RePEc:eee:jeborg:v:223:y:2024:i:c:p:86-105.

   Full description at Econpapers || Download paper

2. Mortgage borrowing and the boom-bust cycle in consumption and residential investment. (2022). Zhou, Xiaoqing.
   In: Review of Economic Dynamics.
   RePEc:red:issued:19-339.

   Full description at Econpapers || Download paper

3. Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints. (2022). Aruoba, S. Boragan ; Ozcan, Sebnem Kalemli ; Elul, Ronel.
   In: Working Papers.
   RePEc:fip:fedpwp:94846.

   Full description at Econpapers || Download paper

4. Monetary policy and inequality. (2021). Peydro, Jose-Luis ; Johannesen, Niels ; Jorgensen, Mia ; Andersen, Asger Lau.
   In: Economics Working Papers.
   RePEc:upf:upfgen:1761.

   Full description at Econpapers || Download paper

5. Housing Demand Shocks and Households Balance Sheets. (2021). Anderes, Marc.
   In: KOF Working papers.
   RePEc:kof:wpskof:21-492.

   Full description at Econpapers || Download paper

6. Macroprudential Policy, Mortgage Cycles and Distributional Effects: Evidence from the UK. (2020). Uluc, Arzu ; Rodríguez Tous, Francesc ; Peydro, Jose-Luis ; Tripathy, Jagdish ; Rodriguez-Tous, Francesc.
   In: EconStor Preprints.
   RePEc:zbw:esprep:223303.

   Full description at Econpapers || Download paper

7. Macroprudential policy, mortgage cycles and distributional effects: Evidence from the UK. (2020). Uluc, Arzu ; Rodríguez Tous, Francesc ; Peydro, Jose-Luis ; Tripathy, Jagdish.
   In: Economics Working Papers.
   RePEc:upf:upfgen:1725.

   Full description at Econpapers || Download paper

8. What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?. (2020). Steinsson, Jon ; Nakamura, Emi ; McKay, Alisdair ; Guren, Adam.
   In: NBER Chapters.
   RePEc:nbr:nberch:14482.

   Full description at Econpapers || Download paper

9. Consumer Responses to the COVID-19 Crisis: Evidence from Bank Account Transaction Data. (2020). Johannesen, Niels ; Hansen, Emil Toft ; Andersen, Asger Lau ; Sheridan, Adam.
   In: CEBI working paper series.
   RePEc:kud:kucebi:2018.

   Full description at Econpapers || Download paper

10. Heterogeneous Wealth Effects. (2020). van Rooij, Maarten ; Jappelli, Tullio ; Georgarakos, Dimitris ; Christelis, Dimitris ; Pistaferri, Luigi.
    In: Working Papers.
    RePEc:gla:glaewp:2020_20.

    Full description at Econpapers || Download paper

11. Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016. (2020). Schularick, Moritz ; Kuhn, Moritz ; Steins, Ulrike I ; Bartscher, Alina K.
    In: Staff Reports.
    RePEc:fip:fednsr:87986.

    Full description at Econpapers || Download paper

12. Housing Wealth Effects: The Long View. (2020). Steinsson, Jon ; Nakamura, Emi ; McKay, Alisdair ; Guren, Adam.
    In: Staff Report.
    RePEc:fip:fedmsr:87573.

    Full description at Econpapers || Download paper

13. The Effects of Macroeconomic Shocks: Household Financial Distress Matters. (2020). Sanchez, Juan ; Mustre-del-Rio, Jose ; Athreya, Kartik ; Mather, Ryan.
    In: Working Papers.
    RePEc:fip:fedlwp:2019-025.

    Full description at Econpapers || Download paper

14. Household Financial Distress and the Burden of ‘Aggregate’ Shocks. (2020). Sanchez, Juan ; Mustre-del-Rio, Jose ; Athreya, Kartik ; Mather, Ryan.
    In: Research Working Paper.
    RePEc:fip:fedkrw:88852.

    Full description at Econpapers || Download paper

15. Winners, Losers, and Near-Rationality: Heterogeneity in the MPC out of a Large Stimulus Tax Rebate. (2020). Unayama, Takashi ; LaPoint, Cameron ; Takashi, Unayama.
    In: Discussion papers.
    RePEc:eti:dpaper:20067.

    Full description at Econpapers || Download paper

16. Tightening belts to buy a home: Consumption responses to rising housing prices in urban China. (2020). Waxman, Andrew ; Li, Shanjun ; Barwick, Panle ; Liang, Yuanning ; Zhao, Meng.
    In: Journal of Urban Economics.
    RePEc:eee:juecon:v:115:y:2020:i:c:s0094119019300671.

    Full description at Econpapers || Download paper

17. Debt, inequality and house prices: Explaining the dynamics of household borrowing prior to the great recession. (2020). de Stefani, Alessia.
    In: Journal of Housing Economics.
    RePEc:eee:jhouse:v:47:y:2020:i:c:s1051137717302693.

    Full description at Econpapers || Download paper

18. Mortgage payments and household consumption in urban China. (2020). Shen, Jim Huangnan ; Chen, Yifan.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:93:y:2020:i:c:p:100-111.

    Full description at Econpapers || Download paper

19. Heterogeneous Wealth Effects. (2020). van Rooij, Maarten ; Jappelli, Tullio ; Georgarakos, Dimitris ; Christelis, Dimitris ; Pistaferri, Luigi.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14453.

    Full description at Econpapers || Download paper

20. Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016. (2020). Schularick, Moritz ; Kuhn, Moritz ; Steins, Ulrike I ; Bartscher, Alina K.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_8273.

    Full description at Econpapers || Download paper

21. Time Variation in Lifecycle Consumption and Income. (2020). St Aubyn, Carolyn ; Basso, Henrique ; Aksoy, Yunus.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_8162.

    Full description at Econpapers || Download paper

22. Macroprudential policy, mortgage cycles and distributional effects: Evidence from the UK. (2020). Uluc, Arzu ; Rodríguez Tous, Francesc ; Peydro, Jose-Luis ; Tripathy, Jagdish ; Rodriguez-Tous, Francesc.
    In: Bank of England working papers.
    RePEc:boe:boeewp:0866.

    Full description at Econpapers || Download paper

23. Stock Market Returns and Consumption. (2020). Majlesi, Kaveh ; di Maggio, Marco ; Kermani, Amir.
    In: Journal of Finance.
    RePEc:bla:jfinan:v:75:y:2020:i:6:p:3175-3219.

    Full description at Econpapers || Download paper

24. Macroprudential Policy, Mortgage Cycles and Distributional Effects: Evidence from the UK. (2020). Uluc, Arzu ; Rodríguez Tous, Francesc ; Peydro, Jose-Luis ; Tripathy, Jagdish.
    In: Working Papers.
    RePEc:bge:wpaper:1183.

    Full description at Econpapers || Download paper

25. The Distribution of Household Debt in the United States, 1950-2019. (2020). Schularick, Moritz ; Kuhn, Moritz ; Steins, Ulrike I ; Bartscher, Alina K.
    In: ECONtribute Discussion Papers Series.
    RePEc:ajk:ajkdps:015.

    Full description at Econpapers || Download paper

26. Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession. (2020). Garriga, Carlos ; Hedlund, Aaron.
    In: American Economic Review.
    RePEc:aea:aecrev:v:110:y:2020:i:6:p:1603-34.

    Full description at Econpapers || Download paper

27. Heterogeneous rental markets in a DSGE model of the euro area. (2019). Hirsch, Patrick.
    In: VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy.
    RePEc:zbw:vfsc19:203633.

    Full description at Econpapers || Download paper

28. Monetary policy, housing, and collateral constraints. (2019). Franz, Thorsten.
    In: Discussion Papers.
    RePEc:zbw:bubdps:022019.

    Full description at Econpapers || Download paper

29. How Much Are Car Purchases Driven by Home Equity Withdrawal?. (2019). Pence, Karen ; McCully, Brett ; Vine, Daniel J.
    In: Journal of Money, Credit and Banking.
    RePEc:wly:jmoncb:v:51:y:2019:i:5:p:1403-1426.

    Full description at Econpapers || Download paper

30. Wealth Shocks and MPC Heterogeneity. (2019). van Rooij, Maarten ; Jappelli, Tullio ; Georgarakos, Dimitris ; Christelis, Dimitris ; Pistaferri, Luigi.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:531.

    Full description at Econpapers || Download paper

31. Who Gained from India’s Demonetization? Insights from Satellites and Surveys. (2019). Cook, Justin ; Chanda, Areendam.
    In: MPRA Paper.
    RePEc:pra:mprapa:95762.

    Full description at Econpapers || Download paper

32. Intratemporal Nonseparability between Housing and Nondurable Consumption: Evidence from Reinvestment in Housing Stock. (2019). Khorunzhina, Natalia.
    In: MPRA Paper.
    RePEc:pra:mprapa:93920.

    Full description at Econpapers || Download paper

33. Wealth Shocks and MPC Heterogeneity. (2019). van Rooij, Maarten ; Pistaferri, Luigi ; Jappelli, Tullio ; Georgarakos, Dimitris ; Christelis, Dimitris.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:25999.

    Full description at Econpapers || Download paper

34. Using Threshold Estimation Technique to Measure Housing Wealth Effect in Different Income Levels. (2019). Jung, Jin Woo ; Jin, Changha.
    In: International Real Estate Review.
    RePEc:ire:issued:v:22:n:01:2019:p:61-84.

    Full description at Econpapers || Download paper

35. Using Threshold Estimation Technique to Measure Housing Wealth Effect in Different Income Levels. (2019). Jung, Jin Woo ; Jin, Changha.
    In: International Real Estate Review.
    RePEc:ire:issued:v:22:n:01:2019:p:59-81.

    Full description at Econpapers || Download paper

36. Analyzing the Effects of Financial and Housing Wealth on Consumption using Micro Data. (2019). Caceres, Carlos.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2019/115.

    Full description at Econpapers || Download paper

37. Has Higher Household Indebtedness Weakened Monetary Policy Transmission?. (2019). Narita, Machiko ; Gelos, R. Gaston ; Rawat, Umang ; Griffoli, Tommaso Mancini ; Khan, Shujaat ; Grinberg, Federico.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2019/011.

    Full description at Econpapers || Download paper

38. The Housing Wealth Effect: Quasi-Experimental Evidence. (2019). Vestman, Roine ; Kessel, Dany ; Tyrefors, Björn.
    In: Working Paper Series.
    RePEc:hhs:iuiwop:1262.

    Full description at Econpapers || Download paper

39. Consumption in the Great Recession: The Financial Distress Channel. (2019). Sanchez, Juan ; Mustre-del-Rio, Jose ; Athreya, Kartik ; Mather, Ryan.
    In: Working Paper.
    RePEc:fip:fedrwp:19-13.

    Full description at Econpapers || Download paper

40. Wealth shocks and MPC heterogeneity. (2019). Jappelli, Tullio ; van Rooij, Maarten ; Pistaferri, Luigi ; Georgarakos, Dimitris ; Christelis, Dimitris.
    In: Working Papers.
    RePEc:dnb:dnbwpp:645.

    Full description at Econpapers || Download paper

41. Some Important Macro Points. (2019). Fair, Ray C.
    In: Cowles Foundation Discussion Papers.
    RePEc:cwl:cwldpp:2165r.

    Full description at Econpapers || Download paper

42. Some Important Macro Points. (2019). Fair, Ray C.
    In: Cowles Foundation Discussion Papers.
    RePEc:cwl:cwldpp:2165.

    Full description at Econpapers || Download paper

43. Housing Wealth or Collateral: How Home Value Shocks Drive Home Equity Extraction and Spending. (2019). Leth-Petersen, Søren ; Andersen, Henrik Yde.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13926.

    Full description at Econpapers || Download paper

44. More wealth, less leisure? Effect of housing wealth on tourism expenditure in China. (2018). Feng, Guoliang ; Zhang, Chuanyong.
    In: Tourism Economics.
    RePEc:sae:toueco:v:24:y:2018:i:5:p:526-540.

    Full description at Econpapers || Download paper

45. Intratemporal Substitution between Housing and Nondurable Consumption: Evidence from Reinvestment in Housing Stock. (2018). Khorunzhina, Natalia.
    In: MPRA Paper.
    RePEc:pra:mprapa:88667.

    Full description at Econpapers || Download paper

46. Stock Market Returns and Consumption. (2018). Majlesi, Kaveh ; di Maggio, Marco ; Kermani, Amir.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp11357.

    Full description at Econpapers || Download paper

47. The Housing Wealth Effect: Quasi-Experimental Evidence. (2018). Vestman, Roine ; Kessel, Dany ; Tyrefors, Björn.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0361.

    Full description at Econpapers || Download paper

48. Stock Market Returns and Consumption. (2018). Majlesi, Kaveh ; di Maggio, Marco ; Kermani, Amir.
    In: Working Papers.
    RePEc:hhs:lunewp:2018_001.

    Full description at Econpapers || Download paper

49. Household borrowing constraints and residential investment dynamics. (2018). Rouillard, Jean-François ; Khan, Hashmat.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:95:y:2018:i:c:p:1-18.

    Full description at Econpapers || Download paper

50. How does monetary policy affect income and wealth inequality? Evidence from quantitative easing in the euro area. (2018). Slacalek, Jiri ; Lenza, Michele.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20182190.

    Full description at Econpapers || Download paper

Report date: 2025-10-04 08:22:00 || Missing content? Let us know