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Houses as Collateral: Has the Link between House Prices and Consumption in the U.K. Changed?

Economic Policy Review, Vol. 8, No. 1, May 2002

15 Pages Posted: 26 Oct 2005

See all articles by Kosuke Aoki

Kosuke Aoki

University of Tokyo

James Proudman

Bank of England, Monetary Instruments and Markets Division

Gertjan W. Vlieghe

Bank of England - Monetary Assessment and Strategy Division

Abstract

A paper presented at the April 2001 conference "Financial Innovation and Monetary Transmission," sponsored by the Federal Reserve Bank of New York.

Keywords: financial accelerator, monetary transmission mechanism

JEL Classification: E21. E32. E44

Suggested Citation: Suggested Citation

Aoki, Kosuke and Proudman, James and Vlieghe, Gertjan W., Houses as Collateral: Has the Link between House Prices and Consumption in the U.K. Changed?. Economic Policy Review, Vol. 8, No. 1, May 2002, Available at SSRN: https://ssrn.com/abstract=831805

Kosuke Aoki (Contact Author)

University of Tokyo ( email )

Hongo 7-3-1
Bunkyo-ku
Tokyo, Tokyo 113-0033
Japan

James Proudman

Bank of England, Monetary Instruments and Markets Division ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Gertjan W. Vlieghe

Bank of England - Monetary Assessment and Strategy Division ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

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