Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption

Martin Lettau; Sydney C. Ludvigson

doi:10.1257/000282804322970805

American Economic Review Vol. 94 No. 1 2004

Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption

Martin Lettau¹; Sydney C. Ludvigson²

¹ Department of Finance, Stern School of Business, New York University, 44 West Fourth Street, New York, NY 10012. · ² Department of Economics, New York University, 269 Mercer Street, 7th Floor, New York, NY 10003.

Abstract

Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption by Martin Lettau and Sydney C. Ludvigson. Published in volume 94, issue 1, pages 276-299 of American Economic Review, March 2004

DOI: 10.1257/000282804322970805
Volume: 94
Issue: 1
Pages: 276-299
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption

Abstract

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