Assessing financial and housing wealth effects through the lens of a nonlinear framework
Sign Up to like & getrecommendations! Published in 2017 at "Research in International Business and Finance"
DOI: 10.1016/j.ribaf.2014.11.004
Abstract: This paper examines the effects of wealth on consumption for the US, the UK and the Euro area using a smooth-transition regression (STR) model. We find evidence of an asymmetric and time-varying relationship between consumption… read more here.
Keywords: financial housing; wealth; housing; wealth effects ... See more keywords