A recent study estimated that a wealth effect of 3 to 4 cents could explain two-fifths to about half of the decline in the personal saving rate since 1988.
The recent study examines the effect of a wealth effect on personal savings rate.
The study was completed before 1988.
Madrid is the capital of a country that is in the European Union.
I see, well that is okay with me.
Look at page 43 for information about Benidorm's discovery by world tourism.
A skateboarder fell down.
Three years ago we left Dallas.
The men competing in a boxing match.