Macroeconomic Effects of Inflationary Shocks with Durable and Non-Durable Consumption
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: Open Economies Review
سال: 2016
ISSN: 0923-7992,1573-708X
DOI: 10.1007/s11079-016-9405-0