Browsing Norges Banks vitenarkiv by Author "Cui, Chao"

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    • Identifying the depreciation rate of durables from marginal spending responses 

      Cao, Jin; Cui, Chao; Dinger, Valeriya; Holm, Martin B.; Kang, Shulong (Working paper;1/2022, Working paper, 2022)
      This paper presents a novel method to estimate the depreciation rate of durable goods using a combination of identified marginal and average spending shares. We apply our method to Chinese spending responses to disposable ...