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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18489| Title: | International Wealth Effects |
| Keywords: | E21 C22 E32 ddc:330 wealth effect income effect consumption dynamics sticky information |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18489 |
| Other Identifiers: | http://hdl.handle.net/10419/18489 ppn:51414680X |
| Appears in Collections: | EconStor |
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