Has the stock market crash reduced consumer spending?

C. Alan Garner

Economic Review, 1988, vol. 73, issue Apr, 3-16

Abstract: Some forecasters expected that the October 1987 stock market collapse would seriously lower GNP growth by curtailing consumer spending. After declining in October, however, consumer spending has grown moderately. This relatively small effect is consistent with empirical studies showing that the stock market has only a modest impact on consumer spending.

Keywords: Consumption (Economics); Consumer behavior; Stock market (search for similar items in EconPapers)
Date: 1988
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