Wealth and Inflation Effects in the Aggregate Consumption Function
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/wealth-and-inflation-effects-in-the-aggregate-consumption-function_355210375641.html
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This paper examines some alternative specifications of the aggregate consumption function for eight OECD countries. Wealth effects are potentially important as determinants of consumption and as a transmission channel from monetary influences to real variables. However, measurement difficulties prevent direct incorporation of wealth in empirical...
