The Impact of Changes in Stock Prices and House Priceson Consumption in OECD Countries /
This paper quantifies the different impact of stock and house prices on consumption using data for 16 OECD countries. The analysis finds that the long-run impact of an increase in stock prices and house prices is in general higher in countries with a market-based financial system. The sensitivity of...
| Glavni autor: | |
|---|---|
| Daljnji autori: | |
| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2002.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 2002/001 |
| Online pristup: | Full text available on IMF |