wealth growth and U.S. income growth significantly. …This paper studies the signalling effect of the consumption-wealth ratio (cay) on German stock returns via vector error …

This paper studies the signalling effect of the consumption-wealth ratio (cay) on German stock returns via vector error … is used, cay has no significant effect on German stock returns. Besides, it is also found that cay signals German wealth … growth and U.S. income growth significantly …

The present paper investigates the relationship between consumption, labour income and household wealth in Australia … that consumers view the recent surge in non-financial wealth as transitory and expect a correction …