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Case, Quigley, And Shiller (2005).pdf

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Preview of Case, Quigley, and Shiller (2005)
🔗 Source: econ.yale.edu
📊 Size: 377 KB
👤 Author: games
⬇️ Downloads: 224

Summary

Karl E. Case, John M. Quigley, and Robert J. Shiller examine the link between increases in housing wealth, financial wealth, and consumer spending, using a panel of 14 countries and a panel of U.S. states. They find a statistically significant and large effect of housing wealth on household consumption, suggesting that changes in housing wealth have a similar, yet distinct, effect on consumption behavior compared to changes in stock market wealth.

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Karl E. Case, John M. Quigley, and Robert J.

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  • File Format: PDF
  • File Size: 377 KB
  • Pages: 35
  • Language: EN
  • Author: games
  • Total Downloads: 224
  • Last Updated: 4 weeks ago

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