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Wealth effects on consumption in financial crisis : the case of Norway

Jansen, Eilev S. - In: Empirical economics : a journal of the Institute for … 45 (2013) 2, pp. 873-904

Persistent link: https://www.econbiz.de/10010188643

Schularick, Moritz; Wachtel, Paul - In: CESifo economic studies : CESifo, a joint initiative of … 60 (2014) 1, pp. 62-88

This article tracks the history of sectoral saving and borrowing in the US economy over the past 50 years. We show that the financial imbalances that erupted in the financial crisis of 2008 were long in the making and preceded the emergence of global imbalances in the 2000s. These new dynamics...

Persistent link: https://www.econbiz.de/10010466912

Wealth effects and the consumption of Italian households in the Great Recession

Botazzi, Renata; Trucchi, Serena; Wakefield, Matthew - 2013

-durable) consumption of 5-9 (3.5-6) cents. There is evidence of effects for food spending. Responses of total and non-durable spending to … (relative to other factors) for consumption falls in 2008/09. Thus wealth effects on consumption can be important for households …

Persistent link: https://www.econbiz.de/10009779253

Wealth effects and the consumption of Italian households in the Great Recession

Bottazzi, Renata; Trucchi, Serena; Wakefield, Matthew - 2017 - This version: August 2015

annual total (non -durable) consumption of 8.5 ] 9 (5.5 -5.7) cents. There is evidence of effects on food spending. Responses … other factors) for consumption falls in Italy in 2007/08. …

Persistent link: https://www.econbiz.de/10011674495