House Prices and Consumer Spending

DOI10.1093/RESTUD/RDX060zbMath1405.91214OpenAlexW2120631113MaRDI QIDQ4610924

Veronica Guerrieri, David Berger, Guido Lorenzoni, Joseph Vavra

Publication date: 23 January 2019

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w21667.pdf

zbMATH Keywords

debtconsumptionleverageMPChouse pricesstate-dependence

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

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House prices, the distribution of household debt and the refinancing channel of monetary policy ⋮ Household balance sheet channels of monetary policy: a back of the envelope calculation for the euro area

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