Consumption expenditure is an important component of aggregate demand. Recent theoretical and empirical studies search … for possible Keynesian / Non Keynesian fiscal impacts on household consumption decisions. Besides providing insight to … determinants of consumption decisions, these studies also provide guide to policy solutions to high and risky current account …

Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in … Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … consumption models in the literature for their empirical verification taking macro level data for Pakistan economy. These include …

This is a short survey on consumption theory. Consumption is important to both fluctuation and growth. In addition …, consumption introduces some important issues involving financial markets and portfolio decisions. We will describe consumption … interaction between consumption decisions and portfolio choice is investigated in the third part of the paper. …

In what follows various econometric technique is applied to determine the source of consumption growth with historical …

The detection and measurement of the level of persistence on aggregate and disaggregate private consumption in Italy … consumption in the three countries, even though each one displaying different levels of persistence. In particular, durables … are currently being implemented to overcome the current economic crisis. Persistence in consumption does exist and cannot …

There is widespread disagreement about the role of housing wealth in explaining consumption. Much of the empirical … literature is marred by poor controls for the common drivers both of house prices and consumption, including income, income … price boom, failure to control for the direct effect of credit liberalization on consumption can over-estimate the effect of …

that these predictable changes in returns should affect current consumption. This paper presents a new framework linking … consumption, income, and observable assets to expectations of future asset returns. Relative to previous work on this topic, the …

This article investigates how wealth and capital gains affected household consumption in the USA in the period 1989 …-2004. The empirical evidence brought so far by a large literature that investigates the role of wealth shocks on consumption is … between durables and non durables consumption, and we also investigate the roles of the different components of household …

bias when these models are used to make predictions for aggregate consumption. In both a theoretical and a quantitative … exercise, we find that economies of scale in consumption inside the household are positively related to the bias introduced by … the single agent approach in predicted consumption profiles over the life-cycle. We also do an external validation …

This article investigates how wealth affected household consumption in the USA in the period 1989-2007. Previous … several types of wealth on consumption. Our estimates indicate that there is a significant tangible wealth effect, while … financial wealth seems to affect consumption mainly for the richer part of the population. Both effects are larger during …