Regardless of the precise mix of factors that explains the decline in interest rates, the associated run-up in housing values has left households with a substantial pool of available home equity.
The research agenda is also high on this topic.19  5/7  BIS central bankers' speeches  Conclusions If it did nothing else, the financial crisis served to remind us all of a few home truths. The economy is a profoundly complex setting. It is bound and shaped by history as well as by cultural and legal norms.