This paper provides instrumental variables estimates of the response of aggregate private consumption to transitory … transitory shocks to aggregate output on private consumption in poor countries. …

This paper provides instrumental variables estimates of the response of aggregate private consumption to transitory … transitory shocks to aggregate output on private consumption in poor countries. …

global economic woes is a ¡°consumption driven growth model¡± (which China advocates but has yet to fully implement) because … when there is insufficient consumption, excess savings will remain idle, seek a return from rent or deception, or fund …>Fiscal Policy</li> <li>Trade Policy</li> <li>Currency Policy</li> <li>China and Export Versus Consumption-Driven Growth</li> <li …

the optimal and actual consumption smoothing current accounts. Findings – Based on vector autoregressive model, it was … (insignificant) deviation between the actual and the estimated consumption-smoothing current account. The results show that the … hypothesis of full-consumption smoothing could not be rejected by the data for the full sample period, implying that the degree …

The combination of credit constraints and indivisible consumption goods may induce some riskaverse individuals to play … convexify their budget set. -- Gambling ; Lotteries ; Consumption ; Durables …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a …