Journal Article
Has the stock market crash reduced consumer spending?
Abstract: Some forecasters expected that the October 1987 stock market collapse would seriously lower GNP growth by curtailing consumer spending. After declining in October, however, consumer spending has grown moderately. This relatively small effect is consistent with empirical studies showing that the stock market has only a modest impact on consumer spending.
Keywords: Consumption (Economics); Consumer behavior; Stock market;
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File(s): File format is application/pdf https://www.kansascityfed.org/documents/1241/1988-Has%20The%20Stock%20Market%20Crash%20Reduced%20Consumer%20Spending%3F.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Review
Publication Date: 1988
Volume: 73
Issue: Apr
Pages: 3-16