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The life-cycle theory of consumption draws a well-established distinction between the implications for consumption of …' price expectations are influencial in determining the consumption repsonse to shocks. …
Persistent link: https://www.econbiz.de/10010739939
The greater use of microeconomic and survey based data in addressing key financial stability related questions is a natural outcome of the recent financial crisis. Amongst other benefits, the use of such data enables a more precise understanding of the differing attitudes and responses of...
Persistent link: https://www.econbiz.de/10010877219
decision to deleverage has negative implications for household consumption. …
Persistent link: https://www.econbiz.de/10010782112