The asymmetric effects of deflation on consumption spending: Evidence from the great depression

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 130
Issue: C
Pages: 105-108

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Using data for U.S. grocery and department store sales from 1919–1939, this paper shows that expected price changes have asymmetric effects on consumption spending. Department store sales (durable consumption) react negatively to expected deflation, but grocery sales (non-durable consumption) do not.

Technical Details

RePEc Handle
repec:eee:ecolet:v:130:y:2015:i:c:p:105-108
Journal Field
General
Author Count
1
Added to Database
2026-01-25