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...
Main Author: | Young Seob Son |
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Format: | Article |
Language: | English |
Published: |
People & Global Business Association (P&GBA)
2014-06-01
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Series: | Global Business and Finance Review |
Subjects: | |
Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150727095742-6YQXB.pdf |
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