modelling framework for analysing the household flow of funds jointly with consumption.  The consumption function incorporates … consumption and housing purchase decisions jointly with portfolio decisions, there is much to be gained in modelling a household …

There is widespread disagreement about the role of housing wealth in explaining consumption.  This paper exploits … authors, to explain fluctuations in the ratios of consumption and household debt to income in South Africa, from 1971 to 2005 … variable with key interactions with drivers of consumption and debt.  Credit conditions are proxied by a spline function …

Evidence from several countries reveals a substantial drop in household consumption around retirement age that some … panel survey, we find no evidence of a consumption-retirement puzzle in Spain for the period of 1985-2004.  However, we find …

A stable, long run consumption equation is estimated for Australia using quarterly data from 1977(2) to 2008(2). The …-2008, the log consumption to income ratio rose by around 14 percentage points. The relaxation of households' downpayment and … collateral constraints together boosted the log consumption to income ratio by about 31 percentage points, given the rise in …

consumption model and the Method of Simulated Moments. The model includes stochastic labor income, liquidity constraints, child …-run and long-run discount rates to differ. Data on retirement wealth accumulation, credit card borrowing, and consumption …

The consumption behaviour of UK, US and Japanese households is examined and compared using a modern Ando …-Modigliani style consumption function.  The models incorporate income growth expectations, income uncertainty, housing collateral and … credit availability for UK and US but not Japanese households has undergone large shifts since 1980.  The average consumption …

between 2004 and 2008, and that a significant proportion of households had to adjust food consumption in response.  Regression …

this industrious revolution using a model of labour supply where consumption takes time.  This analytical framework enables ….  This formulation clarifies the importance of new consumption opportunities in driving hours worked. …

house prices on consumption documented in two papers using the same data set for the UK.  On the one hand, Campbell and … prices have the same impact on consumption across age groups, consistent with the so-called common factor hypothesis.  We … rule out that changes in the sample period, the definition of consumption, the data source, the type of price deflator, and …