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- W2384168633 abstract "The effects of declining interest rates on resident's inter-temporal consumption choice include substitution effect and income effect. These two effects on resident's temporal consumption are opposite,so the gross effects lie on the relative strength of the two effects. Concerning the effects of declining interest rates on low and middling income resident's inter-temporal consumption choice,the income effect is conspicuous,and the substitution effect is inconspicuous,so declining interest rates will decrease low and middling income resident's temporal consumption. Concerning the effects of declining interest rates on high and middling income resident's inter-temporal consumption choice,the substitution effect is counteracted by the income effect,so the effect of declining interest rates enlarging high and middling income resident's temporal consumption is indistinctive. For activating resident's consumption,besides implementing low interest rates policy,we should adopt other policy." @default.
- W2384168633 created "2016-06-24" @default.
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- W2384168633 date "2010-01-01" @default.
- W2384168633 modified "2023-09-26" @default.
- W2384168633 title "An Analysis on the Effects of Declining Interest Rates on Chinese Resident's Inter-temporal Consumption Choice" @default.
- W2384168633 hasPublicationYear "2010" @default.
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