Flood, Kimberly; Morin, Sylvie; Kolet, Ilan - In: Bank of Canada Review 2008 (2008) Summer, pp. 33-46
Flood, Morin, and Kolet examine the role of house prices in household consumption decisions. Considering a group of advanced economies, the authors find that the strength of the link between house prices and consumer spending depends on the institutional features of national mortgage markets....