House Prices and Consumer Spending
收藏NBER2015-10-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
2015-10-01
