Comment on Bottom 80% of US Households Persistently Dissaves-Spending More Than IncomeparentComments−embersbreaking2yThe wealth affect literature is skimpy and not very good, and heck, the Keynesian consumption function that pretty much every model uses doesn’t even have a wealth term.
Comments
The wealth affect literature is skimpy and not very good, and heck, the Keynesian consumption function that pretty much every model uses doesn’t even have a wealth term.