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Girouard, Nathalie; Blöndal, Sveinbjörn - Economics Department, Organisation de Coopération et … - 2001

This paper reviews the role of house prices in influencing private consumption and residential investment in OECD … borrow for current consumption on the basis of their housing wealth, and the easing of borrowing constraints has often been … for the major OECD countries suggest that house prices have a significant positive impact on private consumption through …

Persistent link: https://www.econbiz.de/10005045630

Financial Market Liberalisation, Wealth and Consumption

Boone, Laurence; Girouard, Nathalie; Wanner, Isabelle - Economics Department, Organisation de Coopération et … - 2001

have eased the liquidity constraints facing households, thus raising the targeted level of consumption. The objective of … relationship between consumption and income, and more specifically on the wealth effect. A range of different procedures is used to …

Persistent link: https://www.econbiz.de/10005045935

Housing Markets, Wealth and the Business Cycle

Catte, Pietro; Girouard, Nathalie; Price, Robert W.R.; … - Economics Department, Organisation de Coopération et … - 2004

mortgage markets. The paper focuses specifically on: the transmission channel from housing wealth to consumption and on the … that the strongest impact on consumption is in countries that have large, efficient and responsive mortgage markets …

Persistent link: https://www.econbiz.de/10005046210

Finland's Housing Market: Reducing Risks and Improving Policies

Vartia, Laura - Economics Department, Organisation de Coopération et … - 2006

While pronounced cycles in house prices have been a major cause of macroeconomic instability in the past, current house price developments do not yet suggest an overheating of the housing market. However, several important concerns are related to both direct effects of housing markets on overall...

Persistent link: https://www.econbiz.de/10005046161

How to Improve the Economic Policy Framework for the Housing Market in Israel

Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2011

Israeli house prices have risen by over 50% over the past three years. In part this reflects the fact that for several years housing construction had not kept pace with increases in the number of households. In response to these developments, hitherto sluggish planning-approval processes are...

Persistent link: https://www.econbiz.de/10009386331

Making the Banking Sector More Resilient and Reducing Household Debt in the Netherlands

Kierzenkowski, Rafał; Havrylchyk, Olena; Beynet, Pierre - Economics Department, Organisation de Coopération et … - 2014

over the medium term. The stock of existing mortgages should be gradually converted into amortising mortgages, the cap on …

Persistent link: https://www.econbiz.de/10011276851

Addressing High Household Debt in Korea

Jones, Randall S.; Kim, Myungkyoo - Economics Department, Organisation de Coopération et … - 2014

Rising household debt has become a major policy concern in Korea. By the end of 2012, it had risen to 164% of disposable income, well above the OECD average of 133%. In addition to the economic impact and the risk to the financial sector, it raises social cohesion issues, as households with low...

Persistent link: https://www.econbiz.de/10011276925

Expanding access to finance to boost growth and reduce inequalities in Mexico

Maravalle, Alessandro - 2022

households to invest in education and health, and better manage income shocks and smooth consumption. It would also enable …

Persistent link: https://www.econbiz.de/10013278691

Determinants of and barriers to people’s financial inclusion in Mexico

Cassimon, Steven - 2022

Individuals’ access to finance is particularly low in Mexico. Widening access to finance would boost growth and inclusion. This paper uses microdata from the National Survey for Financial Inclusion to assess the drivers of and the barriers to people’s financial inclusion in Mexico. Results...

Persistent link: https://www.econbiz.de/10013457905

Do House Prices Impact Consumption and Interest Rate?: Evidence from OECD Countries Using an Agnostic Identification Procedure

André, Christophe; Gupta, Rangan; Kanda, Patrick T. - Economics Department, Organisation de Coopération et … - 2012

, residential investment, real house prices and mortgage loans, while private consumption and nominal interest rate responses are … left unrestricted. The results suggest that consumption responds positively and significantly to a house price shock in …

Persistent link: https://www.econbiz.de/10011277019