Do changes in stock values affect the wealth of households? Beginning in 1960, plot on a quarterly

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Do changes in stock values affect the wealth of households? Beginning in 1960, plot on a quarterly basis the percent change from a year ago of the Dow Jones Industrial Average (FRED code: DJIA) and the percent change from a year ago of household net worth (FRED code: TNWBSHNO). Compare the two lines.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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