EXCESS SENSITIVITY, LIQUIDITY CONSTRAINTS, AND THE COLLATERAL ROLE OF HOUSING

DOI10.1017/S1365100508080061zbMATH Open1170.91463OpenAlexW2115999902MaRDI QIDQ3397756FDOQ3397756

Authors: Andrew Benito, Haroon Mumtaz 

Publication date: 25 September 2009

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100508080061

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zbMATH Keywords

collateralswitching regressionconsumption-smoothing

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

• Consumer Demand and the Life-Cycle Allocation of Household Expenditures
• Uncertain Medical Expenses and Precautionary Saving Near the End of the Life Cycle
• Consumption Growth, the Interest Rate and Aggregation
• Intertemporal Nonseparability or Borrowing Restrictions? A Disaggregate Analysis using a U.S. Consumption Panel

Cited In (5)

• House prices and consumer spending
• International capital flows and expectation-driven boom-bust cycles in the housing market
• Collateral quality and house prices
• The Transmission of Bank Liquidity Shocks: Evidence from House Prices*
• Liquidity constraints in the U.S. housing market

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