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This paper outlines a methodology for forecasting the components of household final consumption expenditure, which is … necessary in order to forecast revenue col- lections from a number of different taxes. A forecast combination approach using … approach outperforms the almost ideal demand system, which is currently used by the Australian Treasury to forecast the …
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Analysis of monthly disaggregated data from 1978 to 2016 on US household in ation expectations reveals that exposure to … household personal characteristics, their perceptions of the e ectiveness of government policies, their expectations of future …
Persistent link: https://www.econbiz.de/10011657291
each car owned by the household -- own and cross-price effects of increases in fuel costs per kilometre. The empirical … results show that failure to capture substitution between cars within the household can result in substantial misspecification … the position of the most fuel efficient car in the household, suggesting that households’ fuel efficiency choices are …
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literature, we present evidence that vehicle emissions first rise and then decline as a function of household income. We document …
Persistent link: https://www.econbiz.de/10014070700
development and production processes. With this in mind, this paper proposes new multivariate models to forecast monthly car sales … data using economic variables and Google online search data. An out-of-sample forecasting comparison with forecast horizons … forecast horizons. These results also hold after several robustness checks which consider nonlinear models, different out …
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This paper suggests an affine term structure model of real interest rates to predict changes in real consumption growth. The model is estimated, jointly, by real interest rates and consumption data, and it is found to be consistent with the consumption smoothing hypothesis. The paper shows that...
Persistent link: https://www.econbiz.de/10013064620