Showing 1 - 10 of 2,647
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 …
Persistent link: https://www.econbiz.de/10009231389
Persistent link: https://www.econbiz.de/10011504469
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …
Persistent link: https://www.econbiz.de/10010337472
Persistent link: https://www.econbiz.de/10003441768
Persistent link: https://www.econbiz.de/10009710859
Persistent link: https://www.econbiz.de/10010348831
Persistent link: https://www.econbiz.de/10011448370
Persistent link: https://www.econbiz.de/10002651775
Persistent link: https://www.econbiz.de/10013257466
Persistent link: https://www.econbiz.de/10011913248