Domestic demand and components

• May 21, 2004

  Are Wealth Effects Important for Canada?

  Bank of Canada Review - Spring 2004 Lise Pichette

  Some analysts believe that a sharp rise in equity values was an important factor in the strong consumer spending between 1995 and 2000. Empirical evidence suggests, however, that consumer spending responds more to changes in housing wealth than it does to equity wealth.

  Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Domestic demand and components