How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? : An Empirical Study for the United States, Japan and the Euro Area

How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area

This paper provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area. The results suggest that there are important cross-country differences in how wealth, especially housing wealth, affects consumption. They further d...

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Detalles Bibliográficos
Autor principal: Kerdrain, Clovis (-)
Formato: Capítulo de libro electrónico
Idioma:Inglés
Publicado: Paris : OECD Publishing 2011.
Colección:OECD Economics Department Working Papers, no.869.
Materias:
Economics
Euro Area
Japan
United States
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706487006719

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