The Effect of the Proportions of Housing Wealth and Financial Wealth on Consumption
This note offers a theoretical model to prove that the proportions of housing wealth and financial wealth may play a key role in estimating and analyzing the marginal propensities to consume (MPCs) out of housing wealth and financial wealth and analyzing the effects of volatilities on both MPCs. Add...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2014-06-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150727095742-6YQXB.pdf |