the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

In this paper, we show, using the consumer’s budget constraint, that the residuals of the trend relationship among … consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … a panel of 31 emerging economies and find that, when agents expect future stock returns to be higher, they will …

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory … deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for … future stock returns to be higher, they will temporarily allow consumption to rise. Regarding housing returns, if housing …

In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and … that credit and insurance markets are also more developed in the North than in the South, existing theories of consumption …

consumption and religious contribution patterns of a repeated cross-section of households and of a synthetic cohort panel. We find … mortality in which intra-temporal utility stems from both consumption and religious contributions. Individuals also decide how … to allocate resources between religious contributions (which have both a this-life consumption value and an after …

. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier …

In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro …-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …

This paper analyses the effect of information disseminated by the Internet on voting behavior. We address endogeneity … in Internet availability by exploiting regional and technological peculiarities of the preexisting voice telephony … network that hinder the roll-out of fixed-line broadband infrastructure for high-speed Internet. We find small negative …