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Consumer durables as investments that can help us out of the current economic crisis

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Author Info
Colignatus, Thomas

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Abstract

The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight how such durables fit into the macro-economic theory of slumps, (5) to suggest that consumer durables in various cases are easier targets for banks and policy making than industrial outlays.

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File URL: http://mpra.ub.uni-muenchen.de/13382/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13382.

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Date of creation: 12 Feb 2009
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Handle: RePEc:pra:mprapa:13382

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Related research
Keywords: financial crisis; economic crisis; stagflation; inflation; unemployment; Phillipscurve; taxes;

Find related papers by JEL classification:
E0 - Macroeconomics and Monetary Economics - - General
A1 - General Economics and Teaching - - General Economics
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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This page was last updated on 2009-11-29.

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