학술저널
The Effect of the Proportions of Housing Wealth and Financial Wealth on Consumption
- People & Global Business Association
- Global Business and Finance Review
- Vol.19 No.1
-
2014.0671 - 78 (8 pages)
- 28
This note offers a theoretical model to prove that the proportions of housing wealth and financial wealth may play a key role in estimating and analyzing the marginal propensities to consume (MPCs) out of housing wealth and financial wealth and analyzing the effects of volatilities on both MPCs. Additional interesting result is that the higher proportions of housing wealth and financial wealth reduce the certainty effect of the preference for housing wealth.
Abstract
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. The Analysis of the Model
Ⅳ. Concluding Remarks
References
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