HIGHLIGHTS
- who: Fabio Bertolotti and colleagues from the C The Author(s) Published by Oxford University have published the research work: DYNAMICS OF EXPENDITURES ON DURABLE GOODS: THE ROLE OF NEW-PRODUCT QUALITY, in the Journal: (JOURNAL) of 16/01/2023
- what: To document this pattern, the authors compare Ohio and Texas, for two main reasons. To highlight the macroeconomic differences between Ohio and Texas, the authors follow the approach of Gertler and Gilchrist (2018a), which analysed state-level variation in the intensity of the Great Recession, focusing on house-price and employment dynamics (see also . . .
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