Examples of durables

• Favorable figures on trade or the purchase of consumer durables will drive up the stock market, or rather (to be precise) the stock indexes.

• Lagged durables and possibly lagged nondurables are significant, with coefficients consistent with habit persistence.

• Yet, purchases of durables are an important aspect of variations in the intermediation process and the model should be expanded to include this feature.

• Yet in the 1920s more and more of the common symbols of material progress were mechanical consumer durables.

• Our results support the analysis of nondurables and services as a group without the inclusion of durables.

• Instead, it was deemed normal that youngsters spend their money on clothes, entertainment or consumer durables, or that they should save for marriage.

• Also, durables are never separable from nondurables and services, as some of the existing literature has assumed.

• However, nondurables and services are separable from durables, although not vice versa.

• The next three hypotheses examine the possibility that durables are separable from nondurables and services.

• Instead, respondents were asked about the consumer durables owned by the household, such as radio, television, car, bicycle, farming animal and the like.

• He also found that people invest in fixed assets and consumer durables in order to reduce their income transfers.

• However, one can argue that the omission of consumer durables may be inappropriate when studying longer-horizon returns.

• Rather, agents derive utility from the service flow derived from the stock of consumer durables.

• Abandoned furniture and consumer durables were a sign of the rapid turnover of residents.

• If one wants to include durables, however, our separability tests reject forming a single aggregate of durable goods.