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The asymmetric effects of deflation on consumption spending: Evidence from the great depression
Davis, J. Scott - In: Economics Letters 130 (2015) C, pp. 105-108
Using data for U.S. grocery and department store sales from 1919–1939, this paper shows that expected price changes have asymmetric effects on consumption spending. Department store sales (durable consumption) react negatively to expected deflation, but grocery sales (non-durable consumption)...
Persistent link: https://www.econbiz.de/10011263452
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Government purchases and real interest rates with endogenous time preference
Devereux, Michael B. - In: Economics Letters 35 (1991) 2, pp. 131-136
Persistent link: https://www.econbiz.de/10005159180
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Friedman redux: Restricting monetary policy rules to support flexible exchange rates
Devereux, Michael B.; Shi, Kang; Xu, Juanyi - In: Economics Letters 87 (2005) 3, pp. 291-299
Persistent link: https://www.econbiz.de/10005296701
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Monopolistic competition, technology shocks, and aggregate fluctuations
Devereux, Michael B.; Head, Allen C.; Lapham, Beverly J. - In: Economics Letters 41 (1993) 1, pp. 57-61
Persistent link: https://www.econbiz.de/10005275438
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Menu costs and the long-run output-inflation trade-off
Devereux, Michael B.; Yetman, James - In: Economics Letters 76 (2002) 1, pp. 95-100
Persistent link: https://www.econbiz.de/10005275661
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Public investment and international policy coordination
Devereux, Michael - In: Economics Letters 22 (1986) 2-3, pp. 299-302
Persistent link: https://www.econbiz.de/10005257709