Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints
收藏数据链接：
官方服务：
资源简介：
We quantify the role of heterogeneity in households financial constraints in explaining the link between the decline in aggregate consumption and the decline in house values between 2006 and 2009 using individual-level data. Constraints that are triggered by a decline in house values, and a small
提供机构：
美国国家经济研究局创建时间：
2022-10-01
