| dc.creator |
Slacalek, Jirka |
|
| dc.date |
2006 |
|
| dc.date.accessioned |
2013-10-16T07:00:13Z |
|
| dc.date.available |
2013-10-16T07:00:13Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/18489 |
|
| dc.identifier |
ppn:51414680X |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/18489 |
|
| dc.description |
This paper investigates the wealth effect for 16 industrial countries using the recently proposed technique that exploits the sluggishness of consumption growth. I estimate that the longrun marginal propensity to consume from wealth varies from less than 0.5 cents in France to 4.5 cents in the US. I document that the wealth effect tends to be larger in countries with more developed financial markets and has decreased in the last twenty years. |
|
| dc.language |
eng |
|
| dc.publisher |
Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
|
| dc.relation |
DIW-Diskussionspapiere 596 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
E21 |
|
| dc.subject |
C22 |
|
| dc.subject |
E32 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
wealth effect |
|
| dc.subject |
income effect consumption dynamics sticky information |
|
| dc.title |
International Wealth Effects |
|
| dc.type |
doc-type:workingPaper |
|