Contents
자산가격변동과 민간소비의 동태적 반응
Asset Prices and Consumption Dynamics in Korea
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- Abstract
This paper examines consumption dynamics in relation to asset prices in Korea. Empirical analysis based on the error correction model shows that personal consumption is affected by changes in asset prices but the consumption converges to the long-run leve
- Issue Date
- 2010-12-31
- Publisher
- 한국개발연구원
Korea Development Institute
- Language
- ko
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