| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13687 |
| DP13687 The Extensive Margin of Aggregate Consumption Demand | |
| Claudio Michelacci; Luigi Paciello; Andrea Pozzi | |
| 发表日期 | 2019-04-22 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | About half of the aggregate change in US non-durable consumption expenditure is due to changes in the products entering households’ consumption basket (the extensive margin). Changes in the basket are driven by fluctuations in the rate at which households add new products; removals fluctuate little. These patterns are largely explained by the fact that households respond to income increases by adopting products already available on the market in their consumption basket. Fluctuations in household adoption cause a bias in the measurement of inflation, drive the aggregate demand for new products, and amplify the effects of aggregate shocks. |
| 主题 | Industrial Organization ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp13687-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542546 |
| 推荐引用方式 GB/T 7714 | Claudio Michelacci,Luigi Paciello,Andrea Pozzi. DP13687 The Extensive Margin of Aggregate Consumption Demand. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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