The Capitalization of Consumer Financing into Durable Goods Prices
نویسندگان
چکیده
منابع مشابه
Durable Goods and Consumption Durable Spending, Relative Prices and Consumption
Real annual consumption growth has averaged about 3.7% between 1998 Q1 and 2003 Q3—well above real average annual GDP growth of about 2.6% during that period. (2) Chart 1 shows that the buoyancy of consumer spending can be entirely accounted for by strong growth in durable and semi-durable goods expenditure (henceforth referred to as 'durable spending' unless otherwise specified). Since 1998 Q1...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 2020
ISSN: 0022-1082,1540-6261
DOI: 10.1111/jofi.12977