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Persistent link: https://www.econbiz.de/10005350956
Purpose – Over the last two decades global cross-border investment has increased. State-owned and managed, sovereign-wealth funds (SWFs), largely from the emerging-market economies, have started playing a decisive role in underpinning, sustaining and expanding financial globalization. This...
Persistent link: https://www.econbiz.de/10005008760
Purpose – Over the last two decades global cross‐border investment has increased. State‐owned and managed, sovereign‐wealth funds (SWFs), largely from the emerging‐market economies, have started playing a decisive role in underpinning, sustaining and expanding financial globalization....
Persistent link: https://www.econbiz.de/10014768740
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
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In this paper, we estimate consumption in the first wave of the Eurosystem Household Finance and Consumption Survey for … a subset of countries that account for around 85% of the aggregate final consumption expenditure of households in the … questions on consumption asked to households participating in the survey and information on consumption collected in the …
Persistent link: https://www.econbiz.de/10011664054
, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …
Persistent link: https://www.econbiz.de/10012022025
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