TERMIUM Plus®

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CC PROPENSITY CONSUME [1 record]

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Record 1 1981-01-27

English

Subject field(s)
  • Saving and Consumption
OBS

(...) it is not irrational of them [the people] to feel wealthier because of the public debt (since they need count on paying taxes for debt interest only though their remaining lifetime). This increase in the CC propensity to consume could be at the expense of net capital formation in a full employment post war year, requiring contractionary M policy that hurts investment.

French

Domaine(s)
  • Épargne et consommation

Spanish

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