Consumer Durables and the Real Interest Rate
- 1 August 1985
- journal article
- Published by JSTOR in The Review of Economics and Statistics
- Vol. 67 (3) , 353
- https://doi.org/10.2307/1925963
Abstract
One channel through which real interest rates affect aggregate demand is consumer expenditure on durable goods. This paper examines empirically the link between...Keywords
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