Cookies?
Library Header Image
LSE Research Online LSE Library Services

Household external finance and consumption

Besley, Timothy and Meads, Neil and Surico, Paolo (2008) Household external finance and consumption. Discussion Papers, 6934. Centre for Economic Policy Research, London, UK.

Full text not available from this repository.
Identification Number: 6934

Abstract

This paper uses mortgage data to construct a measure of terms on which households access to external finance, and relates it to consumption at both the aggregate and cohort levels. The Household External Finance (HEF) index is based on the spread paid by risky borrowers in the mortgage market. There is evidence that the terms of access to external finance matter more for the consumption of young cohorts in U.K. data. Results are robust to a wide variety of specifications.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.cepr.org/pubs/new-dps/dp_papers.htm
Additional Information: © 2008 CEPR
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economics
Collections > Economists Online
Date Deposited: 04 Apr 2011 13:12
Last Modified: 23 Jan 2013 08:37
URI: http://eprints.lse.ac.uk/id/eprint/33779

Actions (login required)

View Item View Item