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Showing 1 to 1 of 1 for “"Autonomous consumption"”.
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Distribution Shifts and Declines in Autonomous Consumption: A Great Recipe for a Great Recession
… in income distribution and the sudden drop in autonomous (or wealth-based) consumption. Accordingly the present study examines first, the role of income distribution shifts to demonstrate the fact that such a shift placed a significantly larger share of U.S. national income in the hands of the …