Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption
收藏NBER2003-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9848
下载链接
链接失效反馈官方服务：
资源简介：
Both textbook economics and common sense teach us that the value of household wealth should be related to consumer spending. At the same time, movements in asset values often seem disassociated with important movements in consumer spending, as episodes such as the 1987 stock market crash and the
提供机构：
美国国家经济研究局
创建时间：
2003-07-01
