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

Thomas Colignatus ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: financial crisis; economic crisis; stagflation; inflation; unemployment; Phillipscurve; taxes (search for similar items in EconPapers)
JEL-codes: A1 E0 P16 (search for similar items in EconPapers)
Date: 2009-02-12
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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