The growth of consumer spending in 1987 and especially in 1988 took the macro forecasters by surprise. There has been a dramatic collapse in the personal savings ratio as borrowing has surged. The borrowing has been dominated by loans for house purchase and has coincided with a major house price boom. It is tempting to conclude that we have witnessed a classic bubble in which an increase in share prices, makes owners of those assets feel wealthier and increases both the demand for and supply of further loans.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Article provided by Institute for Fiscal Studies in its journal Fiscal Studies.
Volume (Year): 11 (1990) Issue (Month): 1 (February) Pages: 36-52 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:ifs:fistud:v:11:y:1990:i:1:p:36-52
Contact details of provider: Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE Phone: (+44) 020 7291 4800 Fax: (+44) 020 7323 4780 Email: Web page: http://www.ifs.org.uk
Order Information: Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE Email:
For technical questions regarding this item, or to correct its listing, contact: (Emma Hyman).