Add to ORKGEvidence of instability of the wealth effect in the USA is presented through the estimation of a Markov switching model of the long-run aggregate consumption function. The dating of the regimes appears to bear relation to ovements in asset prices. A model-based explanation of the findings is suggested, highlighting the importance of the short-run relation between consumption, income and wealth in explaining the estimated long-run coefficients.Fundação para a Ciência e a Tecnologia (FCT) POCTI/EGE/56054/200
This paper presents a simple new method for estimating the size of ‘wealth effects ’ on aggregate co...
This paper discusses the consumption-wealth relationship. We use data on consumption, assets, and la...
This paper traces US national wealth from 1914 through 2015 and constructs a multivariate econometri...
1 Evidence of instability of the wealth effect in the USA is presented through the estimation of a M...
We argue that the equation commonly used in the estimation of the wealth effect on consumption might...
There is a long history of examining the relationship between consumption and wealth. The recent sub...
This paper uses time-series analysis techniques to examine the wealth effects of the stock market in...
This paper argues that nonlinear adjustment may provide a better explanation of fluctuations in the ...
In this work, we analyze the importance of the disaggregation of wealth into its main components (fi...
This paper discusses the consumption-wealth relationship. Following the recent influential work of L...
JEL classification: G01; C22; E21This paper examines the effects of wealth on consumption for the US...
This paper discusses the consumption-wealth relationship. Following the recent influential work of L...
We investigate the long run relationship between private consump- tion, disposable income and wealth...
In a recent paper ("A Primer on the Economics and Time Series Econometrics of Wealth Effects," 2001)...
This paper argues that nonlinear adjustment may provide a better explanation of fluctuations in the ...
This paper presents a simple new method for estimating the size of ‘wealth effects ’ on aggregate co...
This paper discusses the consumption-wealth relationship. We use data on consumption, assets, and la...
This paper traces US national wealth from 1914 through 2015 and constructs a multivariate econometri...
1 Evidence of instability of the wealth effect in the USA is presented through the estimation of a M...
We argue that the equation commonly used in the estimation of the wealth effect on consumption might...
There is a long history of examining the relationship between consumption and wealth. The recent sub...
This paper uses time-series analysis techniques to examine the wealth effects of the stock market in...
This paper argues that nonlinear adjustment may provide a better explanation of fluctuations in the ...
In this work, we analyze the importance of the disaggregation of wealth into its main components (fi...
This paper discusses the consumption-wealth relationship. Following the recent influential work of L...
JEL classification: G01; C22; E21This paper examines the effects of wealth on consumption for the US...
This paper discusses the consumption-wealth relationship. Following the recent influential work of L...
We investigate the long run relationship between private consump- tion, disposable income and wealth...
In a recent paper ("A Primer on the Economics and Time Series Econometrics of Wealth Effects," 2001)...
This paper argues that nonlinear adjustment may provide a better explanation of fluctuations in the ...
This paper presents a simple new method for estimating the size of ‘wealth effects ’ on aggregate co...
This paper discusses the consumption-wealth relationship. We use data on consumption, assets, and la...
This paper traces US national wealth from 1914 through 2015 and constructs a multivariate econometri...