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adverse effects on the growth rates of investment and durable consumption, whereas the in uence on non-durable consumption …We estimate the effects of stock market volatility on the growth rates of durable consumption, non-durable consumption …
Persistent link: https://www.econbiz.de/10009022076
In this paper we provide a review of the literature on the link between stock market volatility and aggregate demand. In particular, we focus on the implications of the so-called uncertainty hypothesis according to which it is primarily the uncertainty associated with stock market fluctuations...
Persistent link: https://www.econbiz.de/10008527033
adverse effects on the growth rates of investment and durable consumption, whereas the in uence on non-durable consumption …We estimate the effects of stock market volatility on the growth rates of durable consumption, non-durable consumption …
Persistent link: https://www.econbiz.de/10010727824
This paper elucidates the influence of stock market volatility on U.S. consumption using pooled mean group (PMG … market volatility on consumption are robust to the lag order, lag selection criteria, and outliers compared with the mean … group (MG) and the dynamic fixed effect (DFE) methods. I find that stock market volatility reduces total consumption …
Persistent link: https://www.econbiz.de/10012939248
This paper elucidates the influence of stock market volatility on U.S. consumption using pooled mean group (PMG … market volatility on consumption are robust to the lag order, lag selection criteria, and outliers compared with the mean … group (MG) and the dynamic fixed effect (DFE) methods. I find that stock market volatility reduces total consumption …
Persistent link: https://www.econbiz.de/10012661246
consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 …
Persistent link: https://www.econbiz.de/10010291906
During the last decade most western economies have experienced large and unexpected fluctuations in consumption and … savings. The purpose of this paper is to provide additional insights into the individual household's consumption decision and … thereby increase the knowledge of what governs these important macro variables. A consumption equation is estimated on Swedish …
Persistent link: https://www.econbiz.de/10005669545
Persistent link: https://www.econbiz.de/10005812564
consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 …
Persistent link: https://www.econbiz.de/10010681093
-level investment is procyclical. We show that a heterogeneous-firm RBC model with quantitatively realistic countercyclically disperse … state investment rate distribution, produces investment dispersion that positively comoves with the cycle, with a …-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms …
Persistent link: https://www.econbiz.de/10003888063