The asymmetric effects of deflation on consumption spending: Evidence from the great depression

Using data for U.S. grocery and department store sales from 1919–1939, this paper shows that expected price changes have asymmetric effects on consumption spending. Department store sales (durable consumption) react negatively to expected deflation, but grocery sales (non-durable consumption) do not.

MoreLess

Year of publication:	2015
Authors:	Davis, J. Scott
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 130.2015, C, p. 105-108
Publisher:	Elsevier
Subject:	Deflation \| Consumption \| Durable goods \| Non-durable goods

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; N10 - Macroeconomics and Monetary Economics; Growth and Fluctuations. General, International, or Comparative
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011263452