Wealth, credit conditions and consumption: evidence from South Africa

There is widespread disagreement about the role of housing wealth in explaining consumption. This paper exploits liquid and illiquid wealth time series from household balance sheet data for South Africa, previously constructed by the authors, to explain fluctuations in the ratios of consumption and...

Бүрэн тодорхойлолт

Номзүйн дэлгэрэнгүй
Үндсэн зохиолчид: Aron, J, Muellbauer, J
Формат: Working paper
Хэвлэсэн: University of Oxford 2011