{"@context":{"@vocab":"https://cir.nii.ac.jp/schema/1.0/","rdfs":"http://www.w3.org/2000/01/rdf-schema#","dc":"http://purl.org/dc/elements/1.1/","dcterms":"http://purl.org/dc/terms/","foaf":"http://xmlns.com/foaf/0.1/","prism":"http://prismstandard.org/namespaces/basic/2.0/","cinii":"http://ci.nii.ac.jp/ns/1.0/","datacite":"https://schema.datacite.org/meta/kernel-4/","ndl":"http://ndl.go.jp/dcndl/terms/","jpcoar":"https://github.com/JPCOAR/schema/blob/master/2.0/"},"@id":"https://cir.nii.ac.jp/crid/1363670318881995136.json","@type":"Article","productIdentifier":[{"identifier":{"@type":"DOI","@value":"10.1111/jmcb.12198"}},{"identifier":{"@type":"URI","@value":"https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fjmcb.12198"}},{"identifier":{"@type":"URI","@value":"https://onlinelibrary.wiley.com/doi/pdf/10.1111/jmcb.12198"}}],"dc:title":[{"@value":"The Impact of Housing Markets on Consumer Debt: Credit Report Evidence from 1999 to 2012"}],"description":[{"type":"abstract","notation":[{"@value":"<jats:p>We estimate the response of consumer debt portfolios to pronounced housing market swings from 1999 to 2012 using Equifax‐sourced credit report data and a variety of identification approaches. We find: (i) the extraordinary climb in home equity debt from 2002 to 2006 is an expression of a stable, longer‐term relationship between house price growth and home equity borrowing; (ii) all preboom homeowners, and older and prime postboom homeowners, demonstrate near dollar‐for‐dollar substitution between (expensive) credit card and (cheap) home equity debt in response to home equity changes; and (iii) little evidence of substitution between home equity and student loan debt.</jats:p>"}]}],"creator":[{"@id":"https://cir.nii.ac.jp/crid/1383670318881995136","@type":"Researcher","foaf:name":[{"@value":"META BROWN"}]},{"@id":"https://cir.nii.ac.jp/crid/1383670318881995009","@type":"Researcher","foaf:name":[{"@value":"SARAH STEIN"}]},{"@id":"https://cir.nii.ac.jp/crid/1383670318881995008","@type":"Researcher","foaf:name":[{"@value":"BASIT ZAFAR"}]}],"publication":{"publicationIdentifier":[{"@type":"PISSN","@value":"00222879"},{"@type":"EISSN","@value":"15384616"}],"prism:publicationName":[{"@value":"Journal of Money, Credit and Banking"}],"dc:publisher":[{"@value":"Wiley"}],"prism:publicationDate":"2015-03","prism:volume":"47","prism:number":"S1","prism:startingPage":"175","prism:endingPage":"213"},"reviewed":"false","dc:rights":["http://onlinelibrary.wiley.com/termsAndConditions#vor"],"url":[{"@id":"https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fjmcb.12198"},{"@id":"https://onlinelibrary.wiley.com/doi/pdf/10.1111/jmcb.12198"}],"createdAt":"2015-03-29","modifiedAt":"2023-10-05","relatedProduct":[{"@id":"https://cir.nii.ac.jp/crid/1050858286634004608","@type":"Article","resourceType":"学術雑誌論文(journal article)","relationType":["isReferencedBy"],"jpcoar:relatedTitle":[{"@language":"en","@value":"Lending pro-cyclicality and macroprudential policy: Evidence from Japanese LTV ratios"}]}],"dataSourceIdentifier":[{"@type":"CROSSREF","@value":"10.1111/jmcb.12198"},{"@type":"CROSSREF","@value":"10.1016/j.jfs.2020.100819_references_DOI_OGmXIGl1lKsmk4zouxxwYEkwDa6"}]}