House price rises and borrowing to invest
Household borrowing and spending rise with house prices, particularly for leveraged households, but household spending is not consumption. We propose a borrow-to-invest motive by which house price gains affect household spending on residential investment: rational, leveraged households have an incen...
Hlavní autoři: | Crossley, TF, Levell, P, Low, H |
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Médium: | Journal article |
Jazyk: | English |
Vydáno: |
Elsevier
2024
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