L'effet d'un choc boursier sur les dépenses des ménages américains (notice n° 236747)
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| fixed length control field | 02248cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112064201.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Baude, John |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | L'effet d'un choc boursier sur les dépenses des ménages américains |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2001.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 12 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Résumé Cette étude tente d’évaluer l’impact d’un choc boursier sur les dépenses des ménages américains (consommation et investissement logement). Elle suppose que ce sont les variations plutôt que le niveau de leur patrimoine boursier qui influencent leurs dépenses. Celles-ci fléchiraient de 0,4% en moyenne la première année, après une chute des cours boursiers de 10%, qui, transitoire, serait effacée au bout d’un an. L’« effet de taille » de leur patrimoine en actions qui s’est fortement accru au cours de la seconde moitié des années quatre-vingt-dix, accentuerait nettement l’impact d’un choc boursier, en comparaison du krach de 1987. Pour un même repli de la Bourse de 10%, le recul des dépenses n’aurait été alors que de 0,15% en moyenne la première année. Classification JEL: E21; E44. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This study measures the effect of a share price fall on the American household expenditure (consumption and residential investment). Expenditure is supposed to be dependent on the change of households’ stock market wealth, and not on its level. After a temporary 10% share price fall, offset one year later, spending would on average fall by 0.4% during the first year. The big increase in the stock market wealth during the second half of the 1990s in the US should make the effect of a price fall stronger than after the stock market crash in 1987. The same 10% drop of share prices is estimated then to have led to a fall in expenditure of only 0.15%, on average during the following year. JELClassification: E21; E44. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | consommation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | plus-values |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | prix d'actifs |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Stock Price |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Consumption |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Gains on Shares |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Économie internationale | 86 | 2 | 2001-06-01 | p. 99-124 | 1240-8093 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-economie-internationale-2001-2-page-99?lang=fr">https://shs.cairn.info/revue-economie-internationale-2001-2-page-99?lang=fr</a> |
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