Consumption, Wealth and Business Cycles: Why is Germany Different?
60 Pages Posted: 8 Jun 2016
Date Written: 2005
Abstract
This paper studies the long-run relationship between consumption, asset
Keywords: Wealth Effect on Consumption, Business Cycles, Monetary Policy Transmission, Financial Systems, Asset Price Predictability
JEL Classification: E44, E32, G20, E21, G12
Suggested Citation: Suggested Citation
Hamburg, Britta and Hoffmann, Mathias and Keller, Joachim, Consumption, Wealth and Business Cycles: Why is Germany Different? (2005). Bundesbank Series 1 Discussion Paper No. 2005,16, Available at SSRN: https://ssrn.com/abstract=2785102 or http://dx.doi.org/10.2139/ssrn.2785102
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