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dc.contributor.authorBesley, Timothyen_US
dc.contributor.authorMeads, Neilen_US
dc.contributor.authorSurico, Paoloen_US
dc.date.accessioned2011-10-24T07:51:10Z-
dc.date.available2011-10-24T07:51:10Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/50649-
dc.description.abstractThis paper uses mortgage data to construct a measure of terms on which households access to external finance, and relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the spread paid by risky borrowers in the mortgage market. There is evidence that the terms of access to external finance matter more for the consumption of young cohorts in UK data. Results are robust to a wide variety of specifications.en_US
dc.language.isoengen_US
dc.publisherBank of England, Monetary Policy Committee Londonen_US
dc.relation.ispartofseriesExternal MPC unit discussion paper 25en_US
dc.subject.jelD10en_US
dc.subject.jelE21en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordexternal financeen_US
dc.subject.keywordterms of accessen_US
dc.subject.keywordhousehold consumptionen_US
dc.subject.keywordbirth cohortsen_US
dc.subject.keywordpseudo panelsen_US
dc.subject.stwPrivater Haushalten_US
dc.subject.stwHaushaltsökonomiken_US
dc.subject.stwSchuldenen_US
dc.subject.stwHypotheken_US
dc.subject.stwRisikopräferenzen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwGroßbritannienen_US
dc.titleHousehold external finance and consumptionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn584365268en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:External MPC Unit Discussion Papers, Bank of England

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