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dc.contributor.authorMuellbauer, Johnen_US
dc.date.accessioned2012-09-21T09:27:45Z-
dc.date.available2012-09-21T09:27:45Z-
dc.date.issued2007en_US
dc.identifier.isbn9291909688=978-92-9190-968-1en_US
dc.identifier.urihttp://hdl.handle.net/10419/63289-
dc.description.abstractHousing is the single most important component of personal wealth in most countries. The special characteristics of housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the monetary transmission mechanism. This paper discusses how housing markets and institutions differ across countries, paying particular attention to the UK and the EU, but extending its reach as well to other OECD countries such as Japan and emerging market countries such as South Africa. It analyzes how those differences help to create contrasts in the impact on consumption of housing as a component of personal wealth. The impacts of rates of home ownership, credit market characteristics, interest rates, and macroeconomic conditions are studied. Implications for monetary, fiscal, and other policies are discussed.en_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesResearch Paper, UNU-WIDER, United Nations University (UNU) 2007/27en_US
dc.subject.jelE21en_US
dc.subject.jelE40en_US
dc.subject.jelR31en_US
dc.subject.ddc330en_US
dc.subject.keywordhousingen_US
dc.subject.keywordwealthen_US
dc.subject.keywordconsumptionen_US
dc.subject.keywordinterest ratesen_US
dc.subject.keywordmonetary transmissionen_US
dc.subject.stwVermögenen_US
dc.subject.stwPrivater Haushalten_US
dc.subject.stwWohneigentumen_US
dc.subject.stwWohnungsmarkten_US
dc.subject.stwVerbraucherausgabenen_US
dc.subject.stwOECD-Staatenen_US
dc.subject.stwGroßbritannienen_US
dc.subject.stwEU-Staatenen_US
dc.titleHousing and personal wealth in a global contexten_US
dc.typeWorking Paperen_US
dc.identifier.ppn537390766en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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