E - Macroeconomics and Monetary Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:54:29+00:00Home Equity Extraction and the Boom-Bust Cycle in Consumption and Residential Investment
https://www.bankofcanada.ca/2018/02/staff-working-paper-2018-6/
The consumption boom-bust cycle in the 2000s coincided with large fluctuations in the volume of home equity borrowing. Contrary to conventional wisdom, I show that homeowners largely borrowed for residential investment and not consumption.2018-02-06T14:06:22+00:00enHome Equity Extraction and the Boom-Bust Cycle in Consumption and Residential Investment2018-02-06Credit and credit aggregatesEconomic modelsHousingStaff Working Paper 2018-6https://www.bankofcanada.ca/wp-content/uploads/2018/02/swp2018-6.pdfHome Equity Extraction and the Boom-Bust Cycle in Consumption and Residential InvestmentXiaoqing ZhouFebruary 2018DD1EE2E3