0 items like cars and home appliances (= large pieces of equipment for the home) that are intended to last several years
1 items like cars and home appliances (= large pieces of equipment for the home) that are intended to last several years
2 goods that can be used for a long time and that people do not buy very often, such as televisions and cars:
Wealth is measured by the value of listed durable goods and includes items such as bicycles, furniture, radios, and blankets.
The first characteristic is that fluctuations, especially in this mechanical age, are more violent in respect of producers' goods and durable goods than in respect of consumers' goods.
Children's clothing and durable goods have also become dearer, as have carpets and blankets.
Using these aggregates and the stock of durable goods, we estimate the elasticities of substitution between various consumption goods and monetary assets.
At incomes below $4,000, they cut down on food, durable goods, and fuel and water expenditure.
We measure the quarterly stock of durable goods as the average of the end-of-quarter stock and previous end-of-quarter stock.
Section 3 describes the data used in our study and in particular the calculations needed to construct price variables for durable goods.
In addition, substitution between monetary assets and durable goods is about twice as large as substitution between monetary assets and nondurable goods or services.
