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...
| Autore principale: | |
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2002/238 |
| Accesso online: | Full text available on IMF |