Research Discussion Paper – RDP 2003-07 Housing Wealth, Stock Market Wealth and Consumption: A Panel Analysis for Australia


We wish to thank Ellis Connolly, Anthony Richards and seminar participants at the Reserve Bank of Australia and at the Australian National University, Canberra for helpful comments and discussions. Mary Cavar and Johann LaBrooy provided much appreciated help with the data. All remaining errors are ours. The views expressed are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia.