RE: "Stock Market and the Real Economy"

[Clifford Poirot <cpoirot@xxxxxxxxxxx>]

Thank you. As I expressed in my messages, I'm a bit skeptical myself.

do you have some references to the empirical literature? I would be
interested in following this up a bit.

> -----Original Message-----
> From:	Lonnie K. Stevans [SMTP:acslks@xxxxxxxxxxxxxxxxx]
> Sent:	Tuesday, March 14, 2000 11:13 AM
> To:	POST-KEYNESIAN THOUGHT
> Subject:	RE: "Stock Market and the Real Economy"
>
> I would like to break into this discussion by noting that none of the
> empirical evidence so far has found any significant real effect of
> rising stock market prices--whether through investment spending or the
> wealth effect on consumption.
>
> Lonnie K. Stevans
> acslks@xxxxxxxxxxx
>
>