Booms and Busts: Consumption, House Prices and Expectations

By O. Attanasio, Laura Blow, R. Hamilton, A. Leicester. 2005

323 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/49dbc5cc70467d7a88d4ca0038fbef0dd9d0fd8a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

In Finance

Citations in the corpus

Interest Rates and Equity Extraction During the Housing Boom (2016, unknown): “3 Unlike Mian and Sufi (2011), we do not instrument for house price growth, which may lead to upward biased estimates of the effect of house price growth on extraction if our controls do not account for economic factors that would increase both home prices and borrowing (Attanasio et al. 2009).”
Housing Wealth and Consumption: A Micro Panel Study (2013, background): “Obviously, this estimate cannot be interpreted as a housing wealth effect as house prices may co-vary not only with expenditure but also with incomes as in the " productivity hypothesis " proposed by King (1990), Pagano (1990), Attanasio and Weber (1994) and Attanasio et al (2009).”
Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession (2015, unknown): “Indeed, the estimated elasticity equals 0.12, substantially higher than the one found in our basic specification for the whole sample (shown in Table 4), which was about 0.09.”
Rethinking local government reliance on the property tax (2011, background): “3 For empirical estimates of these wealth effects, see Attanasio et al. (2009), Bostic, Gabriel, and Painter (2009), and Campbell and Cocco (2007). revenues R equal R=∑i ti Bi.”
The Effect of Liquid Housing Wealth on College Enrollment (2011, background): “However, Attanasio et al. (2005) argue this relationship is incidental.”
Trickle-Down Consumption (2016, unknown): “…that individuals consume from 3 to 9 cents out of every $1 shock to housing wealth (Case, Quigley, & Shiller, 2005; Campbell & Cocco, 2007; Attanasio et al., 2009; Carroll, Otsuka, & Slacalek, 2011), and that home equity generally is a funding source of con6 Future income measures in…”
DO HOUSE PRICES DRIVE CONSUMPTION GROWTH? THE COINCIDENT CYCLES OF HOUSE PRICES AND CONSUMPTION IN THE UK (2011, result): “…causes rather than to a causal link running from increased house prices to consumption.1 AW’s exercise was recently extended in a variety of ways by Attanasio et al. (2009, 2005), hereafter ABHL, who, by and large, confirmed the results in AW (1994).2 ABHL stressed 1Financial market…”