Stock Market Developments and Private Consumer Spending in Emerging Markets /
Using a panel of 16 emerging markets, the paper finds a small but statistically significant effect of stock market developments on private consumption spending. In the short run, a 10 percent decline in the annual real stock market return is associated with a reduction in real private consumption by...
| Главный автор: | |
|---|---|
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2002.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 2002/238 |
| Online-ссылка: | Full text available on IMF |