This paper examines the extent and relevance of mortgage equity withdrawal (MEW) in the
UK. MEW has, of late, been of most interest as a mechanism transmitting the wealth effects …

In this paper, we empirically examine how household debt influenced consumption during
and after the financial bubble in Japan. To this end, we use micro data on households that …

This paper adds to the literature on wealth effects on consumption by disentangling financial
wealth effects from housing wealth effects for the euro area. We use two macro-datasets for …

Empirical evidence shows that house prices and consumption are closely synchronized.
However, previous contributions disagree over the causes of this link. According to the life …

In this article we investigate the role of wealth in household consumption during the period
1989-2007 using a household-level cross sectional dataset. We combine information from …

The study quantifies the stock market and housing market wealth effects on households' non-
durable consumption using Italian household panel (SHIW) data of 1989-2002 …