Do Capital Gains Affect Consumption? Estimates of Wealth Effects from Italian Householdsâ€™ Behavior

There is much confusion in the economics literature on wage determination and the employmentâ€“inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.

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Authors:	Guiso, Luigi ; Paiella, Monica ; Visco, Ignazio
Published in:	Long-run Growth and Short-run Stabilization.
Subject:	Economics and Finance

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011169669