House prices and risk sharing

Journal of Monetary Economics

Volumn 57, Issue 8, 2010, Pages 975-987

  Hryshko, Dmytro ^a   José Luengo Prado, María ^b   Sørensen, Bent E ^c,d  

^a UNIVERSITY OF ALBERTA   (Canada)

^b NORTHEASTERN UNIVERSITY   (United States)

^c UNIVERSITY OF HOUSTON   (United States)

^d CEPR   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 78649841072     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2010.09.005     Document Type: Article

References (19)

1. Attanasio O.P., Blow L., Hamilton R., Leicester A. Booms and busts: consumption house prices and expectations. Economica 2009, 76(301):20-50.
2. Attanasio O.P., Weber G. The UK consumption boom of the late 1980s: aggregate implications of microeconomic evidence. Economic Journal 1994, 104(427):1269-1302.
3. Blundell R., Pistaferri L., Preston I. Consumption inequality and partial insurance. American Economic Review 2008, 98(5):1887-1921.
4. Campbell J., Cocco J.F. Household risk management and optimal mortgage choice. Quarterly Journal of Economics 2003, 118(4):1149-1194.
5. Campbell J.Y., Cocco J.F. How do house prices affect consumption? Evidence from micro data. Journal of Monetary Economics 2007, 54(3):591-621.
6. Case K., Shiller R. The efficiency of the market for single-family homes. American Economic Review 1989, 79:125-137.
7. Chetty R., Szeidl A. Consumption commitments and risk preferences. Quarterly Journal of Economics 2007, 122(2):831-877.
8. Cocco J.F. Portfolio choice in the presence of housing. Review of Financial Studies 2005, 18(2):535-567.
9. Cocco J.F., Gomes F.J., Maenhout P.J. Consumption and portfolio choice over the life cycle. Review of Financial Studies 2005, 18(2):491-533.
10. Cochrane J.H. A simple test of consumption insurance. Journal of Political Economy 1991, 99(5):957-976.
11. Díaz A., Luengo-Prado M.J. On the user cost and homeownership. Review of Economic Dynamics 2008, 11(3):584-613.
12. Hurst E., Stafford F. Home is where the equity is: mortgage refinancing and household consumption. Journal of Money, Credit, and Banking 2004, 36(6):985-1014.
13. Leth-Petersen S. Intertemporal consumption and credit constraints: does total expenditure respond to an exogenous shock to credit?. American Economic Review 2010, 100(3):1080-1103.
14. Li W., Liu H., Yao R. Housing over time and over the life cycle: a structural estimation. Research Department Federal Reserve Bank WP 2009, 09-7.
15. Li W., Yao R. The life-cycle effects of house price changes. Journal of Money, Credit and Banking 2007, 39(6):1375-1409.
16. Linneman P., Megbolugbe I.F., Watcher S.F., Cho M. Do borrowing constraints change U.S. homeownership rates?. Journal of Housing Economics 1997, 318-333.
17. Lustig H., Van Nieuwerburgh S. How much does household collateral constrain regional risk sharing?. Review of Economic Dynamics 2010, 13(2):265-294.
18. Mace B.J. Full insurance in the presence of aggregate uncertainty. Journal of Political Economy 1991, 99(5):928-956.
19. Quercia, R.G., McCarthy, G.W., Watcher, S.F., 2000. The impacts of affordable lending efforts on homeownership rates. Manuscript, Federal Home Loan Mortgage Corporation.