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

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  • Colignatus, Thomas

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.

Suggested Citation

  • Colignatus, Thomas, 2009. "Consumer durables as investments that can help us out of the current economic crisis," MPRA Paper 13382, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13382
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    File URL: https://mpra.ub.uni-muenchen.de/13382/1/MPRA_paper_13382.pdf
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    References listed on IDEAS

    as
    1. Colignatus, Thomas, 2008. "A note on competing economic theories on the 2007-2008+ financial crisis: The case for (hidden) stagflation," MPRA Paper 10831, University Library of Munich, Germany.
    2. Stephen Pollock & Nikoletta Lekka, 2001. "Deconstructing the Consumption Function: New Tools and Old Problems," Working Papers 448, Queen Mary University of London, School of Economics and Finance.
    3. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Colignatus, Thomas, 2009. "The macro-economics of repressed stagflation. Part 2: The crisis of 2009+ and a reduction of the working week," MPRA Paper 14180, University Library of Munich, Germany.
    2. Colignatus, Thomas, 2011. "The crisis and the raison d’être and prospect for the UK office for budget responsibility versus an economic supreme Court," MPRA Paper 27873, University Library of Munich, Germany, revised 19 May 2010.
    3. Colignatus, Thomas, 2011. "High Noon at the EU corral. An economic plan for Europe, September 2011," MPRA Paper 33476, University Library of Munich, Germany, revised 19 May 2010.

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    More about this item

    Keywords

    financial crisis; economic crisis; stagflation; inflation; unemployment; Phillipscurve; taxes;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • A1 - General Economics and Teaching - - General Economics
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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