House Price Gains and U.S. Household Spending from 2002 to 2006

111 citations recorded by the source corpus.

Citations in the corpus

No Price Like Home: Global House Prices, 1870-2012 (2014, unknown): “…crisis: fluctuations in house prices, their impact on the balance sheets of consumers and banks, as well as the deleveraging pressures triggered by house price busts have been a major focus of macroeconomic research in recent years (Mian and Sufi, 2014; Shiller, 2009; Case and Quigley, 2008).”
Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism (2019, unknown): “Two points are worth mentioning: (i) these magnitudes are very similar to the overall effects found in Romer and Romer (2004) and Cloyne and Huertgen (2014).”
Regional Heterogeneity and Monetary Policy (2019, unknown): “…associated with having relatively more mortgage owners with a CLTV above 0.8, which is unsurprising given that a large literature has documented that house price declines were associated with weakening labor markets during this period (Charles, Hurst, and Notowidigdo, 2013; Mian and Sufi, 2014).”
Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy? (2017, unknown): “, κ = 1), the Euler condition for the stock of debt reduces to 1− μt = Et [( βI λI,t+1 λI,t ) 1 + (1− Im,t+1τn)Rt πt+1 ] , (33)”