| dc.contributor | 財政系 | - |
| dc.creator (作者) | 羅光達 | - |
| dc.creator (作者) | Lo, Kuang-Ta | - |
| dc.creator (作者) | Chou, Ta-Sheng | - |
| dc.creator (作者) | Tsui, Stephanie | - |
| dc.creator (作者) | 徐愛恩 | - |
| dc.date (日期) | 2020-11 | - |
| dc.date.accessioned | 20-Feb-2020 13:13:27 (UTC+8) | - |
| dc.date.available | 20-Feb-2020 13:13:27 (UTC+8) | - |
| dc.date.issued (上傳時間) | 20-Feb-2020 13:13:27 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/128704 | - |
| dc.description.abstract (摘要) | In this study, we examine whether and to what extent the pattern of household consumption is asymmetrically sensitive to economic changes. We use a threshold model with error correction to characterize household consumption under the business cycle. Using data from the 1979–2014 Survey of Family Income and Expenditure in Taiwan, we find that household consumption has pro-cyclical characteristics during the business cycle. More importantly, household consumption responds asymmetrically to economic fluctuations such that changes in consumption tend to be larger during expansions than during downturns. Furthermore, the nature of this asymmetry differs across household income quantiles. | - |
| dc.format.extent | 1019912 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | The North American Journal of Economics and Finance, Vol.54, 100952 | - |
| dc.subject (關鍵詞) | Cyclicality ; Asymmetry ; Business cycle ; Household consumption | - |
| dc.title (題名) | The Asymmetric Behavior of Household Consumption under the Business Cycle | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1016/j.najef.2019.03.017 | - |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.najef.2019.03.017 | - |
