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...

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Détails bibliographiques
Auteurs principaux: Crossley, TF, Levell, P, Low, H
Format: Journal article
Langue:English
Publié: Elsevier 2024

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