| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062641 | Economics Letters | 2006 | 6 Pages |
Abstract
This paper examines whether U.S. stock-market value affects consumption asymmetrically. Using cointegration and error-correction methodology, the results confirm that stock-market value asymmetrically affects real per capita consumption. Negative “news” affects consumption more than positive “news.”
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Nicholas Apergis, Stephen M. Miller,