This paper examines whether U.S. stock-market wealth asymmetrically affects consumption. After identifying asymmetric behavior for consumption and stock market wealth, the results confirm that stock-market wealth asymmetrically affects real per capita consumption. Negative 'news' affects consumption more than positive 'news'.Consumption; Stock market; Wealth effect; Asymmetry
This article uses a direct test of the impact of economic news on stock volatility. The main interes...
There is a long history of examining the relationship between consumption and wealth. The recent sub...
The paper provides an empirical analysis of the effect of stock prices on consumer expenditure throu...
This paper examines whether U.S. stock-market wealth asymmetrically affects consumption. After ident...
This paper investigates whether stock market wealth affects real consumption asymmetrically through ...
This paper investigates the presence of asymmetric effects of stock returns on real consumption in t...
A large number of studies have investigated changes in stock market value on consumption expenditure...
This paper provides evidence that wealth in the form of stock ownership affects consumption and that...
The linkage between stock market and aggregate consumption has been extensively studied in the conte...
This paper uses time-series analysis techniques to examine the wealth effects of the stock market in...
Purpose – The purpose of this paper is to analyze the influences of real share prices on aggregate c...
We document asymmetric announcement effects of consumer sentiment news on United States stock and st...
Recent fluctuations of financial markets, especially, stock markets fluctuations, have revived the i...
This paper examines the hypothesis that both stock returns and volatility are asymmetric functions o...
How strongly does consumption respond to changes in wealth? Is the response to housing wealth differ...
This article uses a direct test of the impact of economic news on stock volatility. The main interes...
There is a long history of examining the relationship between consumption and wealth. The recent sub...
The paper provides an empirical analysis of the effect of stock prices on consumer expenditure throu...
This paper examines whether U.S. stock-market wealth asymmetrically affects consumption. After ident...
This paper investigates whether stock market wealth affects real consumption asymmetrically through ...
This paper investigates the presence of asymmetric effects of stock returns on real consumption in t...
A large number of studies have investigated changes in stock market value on consumption expenditure...
This paper provides evidence that wealth in the form of stock ownership affects consumption and that...
The linkage between stock market and aggregate consumption has been extensively studied in the conte...
This paper uses time-series analysis techniques to examine the wealth effects of the stock market in...
Purpose – The purpose of this paper is to analyze the influences of real share prices on aggregate c...
We document asymmetric announcement effects of consumer sentiment news on United States stock and st...
Recent fluctuations of financial markets, especially, stock markets fluctuations, have revived the i...
This paper examines the hypothesis that both stock returns and volatility are asymmetric functions o...
How strongly does consumption respond to changes in wealth? Is the response to housing wealth differ...
This article uses a direct test of the impact of economic news on stock volatility. The main interes...
There is a long history of examining the relationship between consumption and wealth. The recent sub...
The paper provides an empirical analysis of the effect of stock prices on consumer expenditure throu...