ASSET PRICES AND AGGREGATE CONSUMPTION IN WEST-GERMANY - A MULTIINPUT TRANSFER-FUNCTION MODEL ANALYSIS

被引：0

作者：

FUNKE, M ^{[1
]}

机构：

[1] FREE UNIV BERLIN,FB 10,INST WIRTSCHAFTSTHEORIE WE2,W-1000 BERLIN 33,GERMANY

来源：

JAHRBUCHER FUR NATIONALOKONOMIE UND STATISTIK | 1992年 / 210卷 / 3-4期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents some estimates of the effects of asset market gains and losses upon aggregate consumption in West Germany. Additional variables suggested by theory as important determinants of private consumption are considered along with the asset price measures. Quarterly data for the period 1970 : 1-1989 : 4 are employed in the tests. The multi-input transfer function model suggests that asset prices Granger-cause the pattern of West German consumption.

引用

页码：193 / 202

页数：10