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Income Uncertainty and Consumer Spending during the Great Depression

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

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File URL: http://www.sciencedirect.com/science/article/B6WFJ-4582KMB-7/2/e28cf923755eb9e116038373ed8e2a61
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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
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622830

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  1. 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.
  2. 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.).
  3. 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.
  4. Ben S. Bernanke, 1980. "Irreversibility, Uncertainty, and Cyclical Investment," NBER Working Papers 0502, National Bureau of Economic Research, Inc.
  5. Caballero, Ricardo J, 1991. "Earnings Uncertainty and Aggregate Wealth Accumulation," American Economic Review, American Economic Association, vol. 81(4), pages 859-71, September.
  6. N. Gregory Mankiw, 1983. "Consumer Durables and the Real Interest Rate," NBER Working Papers 1148, National Bureau of Economic Research, Inc.
  7. 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.
  8. 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.
  9. 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.
  10. Stephen Zeldes, . "Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence," Rodney L. White Center for Financial Research Working Papers 20-86, Wharton School Rodney L. White Center for Financial Research.
  11. Bernanke, Ben, 1985. "Adjustment costs, durables, and aggregate consumption," Journal of Monetary Economics, Elsevier, vol. 15(1), pages 41-68, January.
  12. 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.
  13. Mayer, Thomas, 1978. "Consumption in the Great Depression," Journal of Political Economy, University of Chicago Press, vol. 86(1), pages 139-45, February.
  14. Christina D. Romer, 1988. "The Great Crash and the Onset of the Great Depression," NBER Working Papers 2639, National Bureau of Economic Research, Inc.
  15. 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.
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