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

2004568 citationsJournal Article

Authors

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

Topics & Keywords

Monetary Policy and Economic Impact Housing Market and Economics Financial Markets and Investment Strategies

UN Sustainable Development Goals

Decent work and economic growth

Publication Details

Published in: American Economic Review

Volume 94, Issue 1, pp. 276-299

DOI: 10.1257/000282804322970805

Field-Weighted Citation Impact: 43.62