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Income Uncertainty and Consumer Spending during the Great Depression

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  • Greasley, David
  • Madsen, Jakob B.
  • Oxley, Les

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Bibliographic Info

Article provided by Elsevier in its journal Explorations in Economic History.

Volume (Year): 38 (2001)
Issue (Month): 2 (April)
Pages: 225-251

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Handle: RePEc:eee:exehis:v:38:y:2001:i:2:p:225-251

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Web page: http://www.elsevier.com/locate/inca/622830

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References

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  1. Bernanke, Ben S, 1983. "Irreversibility, Uncertainty, and Cyclical Investment," The Quarterly Journal of Economics, MIT Press, vol. 98(1), pages 85-106, February.
  2. Martha L. Olney, 1999. "Avoiding Default: The Role Of Credit In The Consumption Collapse Of 1930," The Quarterly Journal of Economics, MIT Press, vol. 114(1), pages 319-335, February.
  3. Joon-Ho Hahm & Douglas G. Steigerwald, 1999. "Consumption Adjustment under Time-Varying Income Uncertainty," The Review of Economics and Statistics, MIT Press, vol. 81(1), pages 32-40, February.
  4. Flacco, Paul R & Parker, Randall E, 1992. "Income Uncertainty and the Onset of the Great Depression," Economic Inquiry, Western Economic Association International, vol. 30(1), pages 154-71, January.
  5. Ferderer, J. Peter & Zalewski, David A., 1999. "To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 59(03), pages 624-658, September.
  6. Caballero, Ricardo J, 1991. "Earnings Uncertainty and Aggregate Wealth Accumulation," American Economic Review, American Economic Association, vol. 81(4), pages 859-71, September.
  7. Christina D. Romer, 1988. "The Great Crash and the Onset of the Great Depression," NBER Working Papers 2639, National Bureau of Economic Research, Inc.
  8. Bernanke, Ben, 1985. "Adjustment costs, durables, and aggregate consumption," Journal of Monetary Economics, Elsevier, vol. 15(1), pages 41-68, January.
  9. Zeldes, Stephen P, 1989. "Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence," The Quarterly Journal of Economics, MIT Press, vol. 104(2), pages 275-98, May.
  10. Mankiw, N Gregory, 1985. "Consumer Durables and the Real Interest Rate," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 353-62, August.
  11. Mayer, Thomas, 1978. "Consumption in the Great Depression," Journal of Political Economy, University of Chicago Press, vol. 86(1), pages 139-45, February.
  12. Mishkin, Frederic S., 1978. "The Household Balance Sheet and the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 38(04), pages 918-937, December.
  13. Michael J. Hamburger, 1967. "Interest rates and the demand for consumer durable goods," Staff Studies 41, Board of Governors of the Federal Reserve System (U.S.).
  14. Madsen, Jakob B. & Mcaleer, Michael, 2000. "Direct Tests of the Permanent Income Hypothesis under Uncertainty, Inflationary Expectations and Liquidity Constraints," Journal of Macroeconomics, Elsevier, vol. 22(2), pages 229-252, April.
  15. Flavin, Marjorie A, 1981. "The Adjustment of Consumption to Changing Expectations about Future Income," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 974-1009, October.
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Citations

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Cited by:
  1. David Greasley & Les Oxley, 2010. "Cliometrics And Time Series Econometrics: Some Theory And Applications," Journal of Economic Surveys, Wiley Blackwell, vol. 24(5), pages 970-1042, December.
  2. repec:onb:oenbwp:y::i:168:b:1 is not listed on IDEAS
  3. Ernst Juerg Weber, 2007. "The Role of the Real Interest Rate in US Macroeconomic History," Economics Discussion / Working Papers 07-01, The University of Western Australia, Department of Economics.
  4. Alexopoulos, Michelle & Cohen, Jon, 2009. "Measuring our ignorance, one book at a time: New indicators of technological change, 1909-1949," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 450-470, May.
  5. Kevin Clinton & Marianne Johnson & Huigang Chen & Ondra Kamenik & Douglas Laxton, 2009. "Constructing Forecast Confidence Bands During the Financial Crisis," IMF Working Papers 09/214, International Monetary Fund.

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