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Durable Goods and the Business Cycle

Author

Listed:
  • Susan Black

    (Reserve Bank of Australia)

  • Tom Cusbert

    (Reserve Bank of Australia)

Abstract

Spending on durable goods tends to be more cyclical than spending on non-durable goods and services as it can be more readily postponed in times of economic weakness. During the recent global economic slowdown, the decline in durable goods spending was a key transmission mechanism of the uncertainty associated with the global financial crisis to the broader economy, as households and businesses delayed purchases of durable goods.

Suggested Citation

  • Susan Black & Tom Cusbert, 2010. "Durable Goods and the Business Cycle," RBA Bulletin, Reserve Bank of Australia, pages 11-18, September.
  • Handle: RePEc:rba:rbabul:sep2010-02
    as

    Download full text from publisher

    File URL: http://www.rba.gov.au/publications/bulletin/2010/sep/pdf/bu-0910-2.pdf
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    References listed on IDEAS

    as
    1. Fisher, Lance A & Otto, Glenn & Voss, Graham M, 1996. "Australian Business Cycle Facts," Australian Economic Papers, Wiley Blackwell, vol. 35(67), pages 300-320, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Tony McDonald & Steven Morling, 2011. "The Australian economy and the global downturn, Part 1: Reasons for resilience," Economic Roundup, The Treasury, Australian Government, issue 2, pages 1-31, September.
    2. repec:bla:ecorec:v:93:y:2017:i::p:38-56 is not listed on IDEAS

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