Browsing by Author "Shen, Xin"

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  • A note on the average propensity to consume, wealth and threshold adjustment

    Holmes, Mark J.; Shen, Xin (Elsevier, 2013)
    We explore the connection between the average propensity to consume (APC) and wealth to income ratio (WY) in the US. We find evidence of a long-run relationship characterised by threshold error correction. It is the APC ...
  • The Stock Market, the Housing Market and Consumption

    Shen, Xin (University of Waikato, 2014)
    There is a long history of examining the relationship between consumption and wealth. The recent subprime mortgage crisis in the US and the European sovereign debt crisis associated with the remarkable fluctuations in both ...

Xin Shen has 1 co-authors in Research Commons.