The paper aims to identify potential connections between migration and food consumption habits of Romanian immigrants in Andalusia, Spain and to study a series of factors that may contribute to the establishment of these connections. The analysis was based on a series of information obtained...

We reconsider the issue of equilibrium determinacy under the limited asset market participation hypothesis in a medium-scale model which accounts for external consumption habits. This allows to characterize concern for relative consumption in the preferences of agents which are heterogeneous in...

By introducing external consumption habits and Limited Asset Market Participation in an otherwise standard New Keynesian DSGE model we uncover a causality link between limited asset market participation, consumption inequality and macroeconomic volatility. We also obtain that monetary...

Heightened uncertainty since the onset of the Great Recession has materially increased saving rates, contributing to lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a panel of advanced economies that greater labor income...

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While consumption habits have been utilised as a means of generating a hump shaped output response to monetary policy shocks in sticky-price New Keynesian economies, there is relatively little analysis of the impact of habits (particularly, external habits) on optimal policy. In this paper we...

Changes in energy consumption behaviour of households are recognised as a main contributor to reduced energy demand in developed countries. We investigate the economy-wide impacts of a more efficient electricity consumption behaviour in the presence of demand rigidities and consumption habits....

The purpose of this paper is to explore the problem of non-convex labor supply decision in an economy where households feature consumption habits. We show how lotteries as in Rogerson (1988) can again be used to convexify consumption sets, and aggregate over individual preferences. The presence...

The purpose of this research, in a descriptive way, is to describe the socialand economic alphabetization strategic for a total of 40 families, 34 withboth parents and 6 with at least one parent from the Barranquilla middlesocio-economic class.The economic alphabetization strategies and...

In a two- region model, we formalize Kindleberger’s idea that wealth breeds first more wealth, and then decline : when one region leads, its inhabitants develop consumption habits incompatible with the necessary investment in knowledge to remain the leader. This gives the other region a window...