Crises and Recoveries in an Empirical Model of Consumption Disasters
收藏NBER2010-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15920
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资源简介：
We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for 24 countries and more than 100 years, and study its implications for asset prices. The model allows for permanent and transitory effects of disasters that unfold over multiple
提供机构：
美国国家经济研究局
创建时间：
2010-04-01
