Durable Goods and the Business Cycle

Susan Black and Tom Cusbert
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Susan Black: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2010, 11-18

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.

Keywords: Australia; durable goods; machinery & equipment investment; business cycle (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (11)

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