consumption to energy price increases and decreases. This finding has important implications for empirical and theoretical models … of the transmission of energy price shocks. I then quantify the direct effect on real consumption of (1) unanticipated …

Stock market wealth effects on the level of consumption in the United States economy have been constantly debated …

economists concerning production and consumption, when viewed from a neoclassical perspective. It is well known that ecological …, various authors have also expressed concerns regarding limits to substitution in consumption. Ideas about irreversibility in … irreversibilities in consumption behavior. In analogy to the term technological change, I coin the term "preferential change". This …

household income, consumption and saving, both at the aggregate level and for the main economies in the area. Drawing on the … consumption during the lockdown meant that saving rebounded in an extraordinary fashion. The outbreak of the second wave and …

panel data on income and consumption from the ECPF for the period 1987-96, we decompose the variance of income shocks into a …

By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during … consumption of more than 0.7% per equivalent adult. This reduction is the response of forward-looking agents to downward revisions … of their expectations on future income growth rates: the shadow of unemployment. Using consumption panel data that …

This paper measures how households smooth changes in consumption when incomes are shifted by permanent or transitory … skipping the imputation methods used by the previous literature to mitigate the signifi cant lack of income and consumption …

imputan datos de consumo desde CEX a PSID ; We study how estimators used to impute consumption in survey data are inconsistent … due to measurement error in consumption. Previous research suggests instrumenting consumption to overcome this problem. We … show that, if additional regressors are present, then instrumenting consumption may still produce inconsistent estimators …