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families prefer to buy at an early stage of the cycle all the desired stock of durable goods, in order to smooth consumption of …
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families prefer to buy at an early stage of the cycle all the desired stock of durable goods, in order to smooth consumption of …
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This paper presents new econometric specifications for the quarterly behavior of the aggregate consumption of Brazilian … (approximated) private income elasticity close to 0.4 and credit and interest (semi) elasticities of household consumption close to …
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