House Prices and Consumer Spending
收藏NBER2015-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21667
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资源简介：
Recent empirical work shows large consumption responses to house price movements. This is at odds with a prominent theoretical view which, using the logic of the permanent income hypothesis, argues that consumption responses should be small. We show that, in contrast to this view, workhorse models
提供机构：
美国国家经济研究局
创建时间：
2015-10-01
