Exempel på durable goods

• 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.

• From 1937-1938, investment fell by $17.6 billion ($1992) and durable goods expenditures fell by an additional $9 billion (about 20% of total).

• It is important to note, however, that this may not apply in the context of durable goods.

• In particular, these substitution estimates provide insight into the recent changes in expenditure on durable goods.

• However, the boost in durable goods spending in constant price terms has not been mirrored by an increase in the current price expenditure share.

• Private consumer spending may be disaggregated into spending on services, durable goods, and nondurables.

• As incomes decrease below $4,000, they cut expenditure on food, durable goods and fuel and water expenditure.

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