Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18489
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dc.creatorSlacalek, Jirka-
dc.date2006-
dc.date.accessioned2013-10-16T07:00:13Z-
dc.date.available2013-10-16T07:00:13Z-
dc.date.issued2013-10-16-
dc.identifierhttp://hdl.handle.net/10419/18489-
dc.identifierppn:51414680X-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/18489-
dc.descriptionThis 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.languageeng-
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlin-
dc.relationDIW-Diskussionspapiere 596-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectE21-
dc.subjectC22-
dc.subjectE32-
dc.subjectddc:330-
dc.subjectwealth effect-
dc.subjectincome effect consumption dynamics sticky information-
dc.titleInternational Wealth Effects-
dc.typedoc-type:workingPaper-
Appears in Collections:EconStor

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