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This report analyses the portfolio behaviour of Dutch households. The study is partly based on information from a broad survey commissioned by the Nederlandsche Bank, held in March of this year. The investigation shows that risk bearing elements are becoming more and more important in households...
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perspective of the relatively high consumption growth in the preceding years. Wealth- and saturation-effects are put forward as …. The consumption growth lagged behind the substantial increase in purchasing power. This 'consumption puzzle' is put in the … the main explanations for the divergence of the consumption growth and the purchasing power increase in recent years. …
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