Aggregate Consumption and the Stock Market: Should We Worry about Non-linear Wealth Effects?
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More about this item
Keywords
consumption; equity prices; nonlinear;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FIN-2004-11-22 (Finance)
- NEP-MAC-2004-11-22 (Macroeconomics)
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