Credit, Housing Collateral and Consumption: the UK, Japan and the US.
The contrasting consumption behaviour of UK, US and Japanese households is examined in this paper through the lens of modernised Ando-Modgliani style consumption functions. Income growth expectations are treated systematically and income uncertainty and credit channel features are incorporated. Thes...
| Main Authors: | , , , , |
|---|---|
| Format: | Conference item |
| Language: | English |
| Published: |
2008
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