The wealth effect in empirical life-cycle aggregate consumption equations
By Y. Mehra. 2001
159 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/0b1cbc67d1850ff70ff625f44e31d2baa5cd2c52
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Citations in the corpus
- Consumption asymmetry and the stock market: Empirical evidence (2006, background): “I. Introduction Higher equity prices may increase consumption expenditure and, thus, aggregate demand, where consumption depends on the present value of lifetime income (Mehra, 2001).”
- The Relationship between Stock Prices, House Prices and Consumption in OECD Countries (2004, background): “, Mehra (2001). Our econometric specification allows for different (short run) consumption functions across countries which is formally implemented by determining the lag length of each variable by conventional statistical criteria.”
- Wealth Effects on Consumption - Evidence from the Euro Area (2009, unknown): “As a result, the long-run estimates are almost the double of the short-run estimates.”
- Fiscal Multipliers : Size, Determinants, and Use in Macroeconomic Projections (2014, methodology): “…accounting effect of public expenditure on output; and (ii) a simple calculation of the closed-economy Keynesian multiplier for a fiscal shock equally divided between spending and revenue measures and an estimated short-term propensity to consume of 0.33 (based on U.S. estimates from Mehra, 2001).”
- Wealth Effects in Emerging Market Economies (2012, unknown): “Elliott (1980), Levin (1998) and Mehra (2001) nd essentially that the wealth e¤ect is independent of the category of asset considered.”
- Weathering Tight Economic Times: The Sales Evolution of Consumer Durables Over the Business Cycle (2003, background): “Consumers’ actual purchase decisions depend to a considerable extent on their ability to acquire the product, as reflected in their income level (Katona, 1975; Mehra, 2001 ).”