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Published in 2018 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.01.013
Abstract: Abstract This paper investigates the nature of the intertemporal relationship between household wealth and private consumption across the G7 countries. We make use of the multistep non-causality test, recommended by Dufour et al. (2006) and the…
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Keywords:
wealth;
wealth effects;
causality;
effects across ... See more keywords