What impact do house prices have on household debt and labour supply in Australia?

House prices, household debt and labour supply in Australia

House prices, mortgage debt and labour supply: evidence from Australian households

Housing Wealth and Household Indebtedness: Is there a Household 'Financial Accelerator'

The ‘financial accelerator’ model when applied to households states that shocks to household balance sheets (primarily changes in house prices) amplify fluctuations in consumer spending by tightening or relaxing collateral constraints on borrowing. We construct an alternative model where households also have access to unsecured debt, and examine the effect of shocks to house prices on debt-fina...

Who Bears the Cost of Recessions? The Role of House Prices and Household Debt

This chapter reviews empirical estimates of differential income and consumption growth across individuals during recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante or contemporaneous income or consumption levels. We build on this literature by showing that differential shocks to household net worth coming from the co...

Nonlinearity Transmission of Monetary Policy Through the House Price Channel; MSVAR Approach

In the past decades, the discussions between economists have changed of impact or no impact of monetary policy to effective monetary policy channels. Since, The housing sector has a large share in the household consumption basket, gross domestic product and wealth of the private sector, Then this sector play very decisive role in transfer transfer of monetary policy effects on production. There...