Price Expectations and Household's Demand for Financial Assets

94 Pages Posted: 5 Jan 2007 Last revised: 4 Aug 2022

See all articles by Lester D. Taylor

Lester D. Taylor

University of Arizona - Eller College of Management; National Bureau of Economic Research (NBER)

Date Written: 1974

Abstract

The effects of price expectations on consumption and saving has received relatively little attention, especially at the micro level. This paper's effort is addressed to this void. More specifically, the paper's primary purpose is to investigate whether it is possible to discern empirically a relationship between individually held price expectations and decisions of households to hold particular types of assets. To this end, I have analyzed aggregate time - series data from the National Income Accounts and the Flow-of-Funds and two bodies of micro household data, each involving several thousand households and each containing fairly detailed information on price expectations.

Suggested Citation

Taylor, Lester D., Price Expectations and Household's Demand for Financial Assets (1974). NBER Working Paper No. w0031, Available at SSRN: https://ssrn.com/abstract=259344

Lester D. Taylor (Contact Author)

University of Arizona - Eller College of Management ( email )

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United States

National Bureau of Economic Research (NBER)

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