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

Martin Lettau, Sydney C. Ludvigson

American Economic Review · 2004 · 573 citations · 37 references

Concepts

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

References

37