Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption
American Economic Review
vol. 94,
no. 1, March 2004
(pp. 276-299)
Citation
Lettau, Martin, and Sydney C. Ludvigson. 2004. "Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption." American Economic Review, 94 (1): 276-299. DOI: 10.1257/000282804322970805JEL Classification
- D12 Consumer Economics: Empirical Analysis
- D31 Personal Income, Wealth, and Their Distributions