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Interest Rates and the Demand for Consumer Durable Goods

✍ Scribed by Michael J. Hamburger


Book ID
125647893
Publisher
American Economic Association
Year
1967
Tongue
English
Weight
698 KB
Volume
57
Category
Article
ISSN
0002-8282

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Consumer Durables and the Real Interest
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One channel through which real interest rates affect aggregate demand is consumer expenditure on durable goods. This paper examines empirically the link between interest rates and consumer durables. Solving for the decision rule relating income and interest rates to consumer demand is in general an