Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/11686
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dc.contributor.authorBarrell, R-
dc.contributor.authorCostantini, M-
dc.contributor.authorMeco, I-
dc.date.accessioned2015-12-02T15:16:30Z-
dc.date.available2015-
dc.date.available2015-12-02T15:16:30Z-
dc.date.issued2015-
dc.identifier.citationInternational Review of Financial Analysis, 42, pp. 316 - 323, (2015)en_US
dc.identifier.issnhttp://bura.brunel.ac.uk/handle/2438/11280-
dc.identifier.issn1057-5219-
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S1057521915001404-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/11686-
dc.description.abstractThis paper aims to investigate the long-run impact of housing and financial wealth on consumption in Italy and the UK using two different estimation methods. The novelty of the paper is to consider the recent financial crisis when studying wealth effects. The dynamics of wealth effects is also evaluated by a rolling regression analysis. The results show that: i) housing wealth plays no role in Italy, whereas it is significant in the UK; ii) in both countries, the financial wealth exerts a positive and significant impact on aggregate consumption; iii) by and large, the housing wealth effect assumes relatively increasing importance over time in the UK, while for Italy this is true for the financial wealth effecten_US
dc.format.extent316 - 323-
dc.language.isoenen_US
dc.publisherElsevier Incen_US
dc.relation.isreplacedby2438/12988-
dc.relation.isreplacedbyhttp://bura.brunel.ac.uk/handle/2438/12988-
dc.subjectFinancial wealthen_US
dc.subjectHousing wealthen_US
dc.subjectConsumptionen_US
dc.subjectFinancial crisisen_US
dc.titleHousing wealth, financial wealth, and consumption: New evidence for Italy and the UKen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.1016/j.irfa.2015.08.007-
dc.relation.isPartOfInternational Review of Financial Analysis-
pubs.merge-to2438/12988-
pubs.merge-tohttp://bura.brunel.ac.uk/handle/2438/12988-
pubs.notesforthcoming-
pubs.notesforthcoming-
pubs.publication-statusAccepted-
pubs.publication-statusAccepted-
pubs.publication-statusPublished-
pubs.volume42-
Appears in Collections:Dept of Economics and Finance Research Papers

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