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New Economy Stock Valuations and Investment in the 1990s

Edison, Hali J. - 2005

This paper investigates whether there is a different impact from changes in quot;newquot; and quot;oldquot; economy stock valuations on private investment for seven OECD economies. A vector autoregressive model is estimated for each individual country, using quarterly data over the period...

Persistent link: https://www.econbiz.de/10012737672

Wealth Effects and the New Economy

Edison, Hali J. - 2005

valuations on private consumption. Estimating a reduced-form VAR for seven OECD countries for the 1990s, it is found that the … impact from changes in old economy stock valuations on consumption is in general larger in the United States, Canada, and the … United Kingdom than in continental Europe. Furthermore, the impact from changes in new economy valuations to consumption is …

Persistent link: https://www.econbiz.de/10012737673