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House Prices and Consumer Spending

Author

Listed:
  • Veronica Guerrieri

    (University of Chicago)

  • Joseph Vavra

    (University of Chicago)

  • Guido Lorenzoni

    (Northwestern University)

  • David Berger

    (Northwestern University)

Abstract

We use consumption models to try to rationalize recent empirical evidence on housing wealth effects

Suggested Citation

  • Veronica Guerrieri & Joseph Vavra & Guido Lorenzoni & David Berger, 2015. "House Prices and Consumer Spending," 2015 Meeting Papers 186, Society for Economic Dynamics.
    • Handle: RePEc:red:sed015:186
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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