Journal Article
The effects of wealth bubbles on consumption
Abstract: Changes in wealth, according to our simple calculations, can account for almost all of the observed consumption fluctuations of the past two decades.
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/12/ES_2012-07-13.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2012
Order Number: 19