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2001. This was financed by equity withdrawal (e.g. through second mortgages). Another remarkable outcome is that many …
Persistent link: https://www.econbiz.de/10005101930
. The consumption growth lagged behind the substantial increase in purchasing power. This 'consumption puzzle' is put in the … perspective of the relatively high consumption growth in the preceding years. Wealth- and saturation-effects are put forward as … the main explanations for the divergence of the consumption growth and the purchasing power increase in recent years. …
Persistent link: https://www.econbiz.de/10005106739
2001. This was financed by equity withdrawal (e.g. through second mortgages). Another remarkable outcome is that many …
Persistent link: https://www.econbiz.de/10005021857