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dc.contributor.author Hogan, Vincent (Vincent Peter)
dc.contributor.author O'Sullivan, Patrick en
dc.date.accessioned 2008-07-11T11:02:53Z
dc.date.available 2008-07-11T11:02:53Z
dc.date.copyright UCD Geary Institute en
dc.date.issued 2003
dc.identifier.uri http://hdl.handle.net/10197/330
dc.description.abstract We examine the link between private consumption and housing wealth in Ireland. We find that the marginal propensity to consume out of housing wealth is essentially zero. This is in marked contrast to the recent evidence for other OECD countries. The evidence is robust to changes in statistical methodology. Thus we can conclude that the recent consumption growth has not been financed by borrowing against housing wealth perhaps because that the private sector does not find recent increases in house prices fully credible. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin, Institute for the Study of Social Change (Geary Institute) en
dc.relation.ispartofseries ISSC Discussion Paper Series en
dc.relation.ispartofseries WP2003/15 en
dc.subject.lcsh Consumption (Economics)--Ireland en
dc.subject.lcsh Housing--Finance en
dc.subject.lcsh Housing--Prices en
dc.title Consumption and house prices in Ireland en
dc.type Working Paper en
dc.internal.authorurl Vincent Hogan (web page) en
dc.internal.authorurl http://www.ucd.ie/economics/staff/vhogan/vhogan.html en
dc.internal.authorcontactother Email: vincent.hogan@ucd.ie; Tel: +353 1 716 8300 en
dc.internal.authorid UCD0011 en
dc.internal.availability Full text available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://www.ucd.ie/geary/publications/2003/housing.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor O'Sullivan|Patrick|aut|
dc.neeo.contributor Hogan|Vincent (Vincent Peter)|aut|UCD0011


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