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Housing wealth appreciation and heterogeneous household consumption: Evidence from China

In this paper, we develop a DSGE model including heterogeneous households, introduce the financial friction of credit constraint mechanism, and study the impact of house price shocks on the consumption of heterogeneous household. Based on this, the CHFS data in 2011, 2013, 2015, 2017, and 2019 were...

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Detalles Bibliográficos
Autores principales: Qi, Yingying, Yu, Guohua, Liu, Xiang, Ren, Yuanming
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10553299/
https://www.ncbi.nlm.nih.gov/pubmed/37796903
http://dx.doi.org/10.1371/journal.pone.0289712