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House prices and aggregate consumption: do they move together? Evidence from Singapore

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  • Phang, Sock-Yong

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  • Phang, Sock-Yong, 2004. "House prices and aggregate consumption: do they move together? Evidence from Singapore," Journal of Housing Economics, Elsevier, vol. 13(2), pages 101-119, June.
  • Handle: RePEc:eee:jhouse:v:13:y:2004:i:2:p:101-119
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    7. Sock-Yong Phang & Wing-Keung Wong, 1997. "Government Policies and Private Housing Prices in Singapore," Urban Studies, Urban Studies Journal Limited, vol. 34(11), pages 1819-1829, November.
    8. Lyhagen, Johan, 1997. "The Effect of Precautionary Saving on Consumption in Sweden," Working Papers 58, National Institute of Economic Research.
    9. Jonathan S. Skinner, 1996. "Is Housing Wealth a Sideshow?," NBER Chapters, in: Advances in the Economics of Aging, pages 241-272, National Bureau of Economic Research, Inc.
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    11. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    12. McCARTHY, DAVID & MITCHELL, OLIVIA S. & PIGGOTT, JOHN, 2002. "Asset rich and cash poor: retirement provision and housing policy in Singapore," Journal of Pension Economics and Finance, Cambridge University Press, vol. 1(3), pages 197-222, November.
    13. Christopher D. Carroll, 2001. "A Theory of the Consumption Function, with and without Liquidity Constraints," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 23-45, Summer.
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    15. Deo Bardhan, Ashok & Datta, Rajarshi & Edelstein, Robert H. & Sau Kim, Lum, 2003. "A tale of two sectors: Upward mobility and the private housing market in Singapore," Journal of Housing Economics, Elsevier, vol. 12(2), pages 83-105, June.
    16. Sock-Yong Phang, 2000. "Hong Kong and Singapore," American Journal of Economics and Sociology, Wiley Blackwell, vol. 59(5), pages 337-352, November.
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    23. Kosuke Aoki & James Proudman & Gertjan Vlieghe, 2002. "Houses as collateral: has the link between house prices and consumption in the U.K. changed?," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(May), pages 163-177.
    24. Campbell, John Y & Mankiw, N Gregory, 1990. "Permanent Income, Current Income, and Consumption," Journal of Business & Economic Statistics, American Statistical Association, vol. 8(3), pages 265-279, July.
    25. Hurd, Michael D. & Yashiro, Naohiro (ed.), 1997. "The Economic Effects of Aging in the United States and Japan," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226361000.
    26. Malpezzi, Stephen, 1999. "A Simple Error Correction Model of House Prices," Journal of Housing Economics, Elsevier, vol. 8(1), pages 27-62, March.
    27. Mr. Alexander Ludwig & Mr. Torsten M Sloek, 2002. "The Impact of Changes in Stock Prices and House Priceson Consumption in OECD Countries," IMF Working Papers 2002/001, International Monetary Fund.
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