Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/50649 
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dc.contributor.authorBesley, Timothyen
dc.contributor.authorMeads, Neilen
dc.contributor.authorSurico, Paoloen
dc.date.accessioned2011-10-24T07:51:10Z-
dc.date.available2011-10-24T07:51:10Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aBank of England, External Monetary Policy Committee Unit |cLondonen
dc.relation.ispartofseries|aExternal MPC Unit Discussion Paper |x25en
dc.subject.jelD10en
dc.subject.jelE21en
dc.subject.jelG21en
dc.subject.ddc330en
dc.subject.keywordexternal financeen
dc.subject.keywordterms of accessen
dc.subject.keywordhousehold consumptionen
dc.subject.keywordbirth cohortsen
dc.subject.keywordpseudo panelsen
dc.subject.stwPrivater Haushalten
dc.subject.stwHaushaltsökonomiken
dc.subject.stwSchuldenen
dc.subject.stwHypotheken
dc.subject.stwRisikopräferenzen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwGroßbritannienen
dc.titleHousehold external finance and consumption-
dc.typeWorking Paperen
dc.identifier.ppn584365268en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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