Consumption Growth and the Real Interest Rate following a Monetary Policy Shock : Is the Habit Persistence Assumption Relevant?
Year of publication: |
2008-06-01
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Authors: | AURAY, Stéphane ; GALLÈS, Clémentine |
Institutions: | Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain |
Subject: | habit persistence | consumption growth | real interest rate | vector autoregressive | monetary policy shock |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Sciences Economiques Number 2008021 2 pages long |
Classification: | E21 - Consumption; Saving ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit |
Source: |
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Auray, Stéphane, (2008)
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