Did the 2008 crisis impact household consumption behaviors? (notice n° 547108)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01489cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114616.0 |
| 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 | Antonin, Céline |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Did the 2008 crisis impact household consumption behaviors? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2017.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 10 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | By examining the determinants of household consumption, we try to explain its broad evolution in five large industrialized countries (Germany, France, Spain, the United Kingdom, and the United States) between 1990 and 2015. We show that, since the financial crisis of 2008, classic estimation methods have failed to forecast household consumption. We therefore provide a panel estimation method that takes common shocks into account, provides valid equations, and allows us to measure wealth effects including during the post-crisis period. In accordance with theory, we did not observe any effects on real estate wealth. However, the effect of gross financial wealth is significant in all countries, except Germany. Classification JEL: C33, C53, E21. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | wealth effects |
| 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 | panel data |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | error correction model |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | subprime crisis |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Plane, Mathieu |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Sampognaro, Raul |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue de l'OFCE | o 151 | 2 | 2017-09-04 | p. 177-225 | 1265-9576 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-de-l-ofce-2017-2-page-177?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-de-l-ofce-2017-2-page-177?lang=en&redirect-ssocas=7080</a> |
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