This is the effect of house prices on household borrowing
House prices are strongly correlated with household borrowing and consumption over time. This co-movement has existed for a long time (Figure 1) and was especially strong at the time of t...
Assistant Professor, London School of Economics
House prices are strongly correlated with household borrowing and consumption over time. This co-movement has existed for a long time (Figure 1) and was especially strong at the time of t...
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