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

DOI10.1017/S1365100508080061MaRDI QIDQ3397756zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

collateralswitching regressionconsumption-smoothing

Mathematics Subject Classification ID

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

Recommendations

• Liquidity constraints in the U.S. housing market
• House prices and consumer spending
• Housing, portfolio choice and the macroeconomy
• House prices and consumption inequality
• Housing Wealth Effects: The Long View

Cites work

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

Cited in

(5)

• Liquidity constraints in the U.S. housing market
• 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*

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