The Wealth Effect
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The Wealth Effect
| Author | : Jeffrey M. Chwieroth |
| Publisher | : Cambridge University Press |
| Total Pages | : 597 |
| Release | : 2019-03-21 |
| Genre | : Business & Economics |
| ISBN | : 1107153743 |
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Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.
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In this paper, we examine the phenomenon known as the wealth effect and its impact on consumption. By using quarterly data from the United States economy, we in
