کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7346935 1476497 2018 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Multi-horizon wealth effects across the G7 economies
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Multi-horizon wealth effects across the G7 economies
چکیده انگلیسی
This paper investigates the nature of the intertemporal relationship between household wealth and private consumption across the G7 countries. We make use of the multistep non-causality test, recommended by Dufour et al. (2006) and the causality measures, recommended by Dufour and Taamouti (2010), to disentangle the dynamic relationship between stock market wealth, housing wealth, income and household consumption over different prediction horizons. Our results document the absence of short-horizon causality among the variables under study and the presence of long-horizon causality across variables.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 72, June 2018, Pages 165-176
نویسندگان
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