Understanding trend and cycle in asset values
Subtitle: reevaluating the wealth effect on consumption
By: Martin Lettau, Sydney Ludvigson.
Contributors: Ludvigson, Sydney C., 1964-; National Bureau of Economic Research.
Series: NBER working paper series -- no. 9848.; Working paper series (National Bureau of Economic Research) -- working paper no. 9848.
Publisher: National Bureau of Economic Research
Published: 2003
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 21
Subjects: Consumption (Economics); Stocks -- Prices; Business enterprises -- Valuation; Disposable income; Households
Notes: "July 2003."

Includes bibliographical references.

Also available in PDF from the NBER world wide web site (www.nber.org).