Consumption, Wealth and Business Cycles: Why is Germany Different?

60 Pages Posted: 8 Jun 2016

See all articles by Britta Hamburg

Britta Hamburg

Deutsche Bundesbank - Economic Research Centre

Mathias Hoffmann

Deutsche Bundesbank

Joachim Keller

Deutsche Bundesbank - Economic Research Centre

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

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

Britta Hamburg (Contact Author)

Deutsche Bundesbank - Economic Research Centre ( email )

Wilhelm-Epstein-Strasse 14
Frankfurt/Main D-60431
Germany

Mathias Hoffmann

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Joachim Keller

Deutsche Bundesbank - Economic Research Centre ( email )

Wilhelm-Epstein-Strasse 14
Frankfurt/Main D-60431
Germany

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