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Consumer durables as investments that can help us out of the current economic crisis

Colignatus, Thomas (2009): Consumer durables as investments that can help us out of the current economic crisis.

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Abstract

The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight how such durables fit into the macro-economic theory of slumps, (5) to suggest that consumer durables in various cases are easier targets for banks and policy making than industrial outlays.

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