Consumption Asymmetry and the Stock Market: Empirical Evidence
| Data(s) |
01/10/2004
|
|---|---|
| Resumo |
This paper examines whether U.S. stock-market wealth asymmetrically affects consumption. After identifying asymmetric behavior for consumption and stock market wealth, the results confirm that stock-market wealth asymmetrically affects real per capita consumption. Negative 'news' affects consumption more than positive 'news'. |
| Formato |
application/pdf |
| Identificador |
http://digitalcommons.uconn.edu/econ_wpapers/200443 http://digitalcommons.uconn.edu/cgi/viewcontent.cgi?article=1156&context=econ_wpapers |
| Publicador |
DigitalCommons@UConn |
| Fonte |
Economics Working Papers |
| Palavras-Chave | #Consumption #Stock market #Wealth effect #Asymmetry #Economics |
| Tipo |
text |
