consumption and investment in low-debt states, resulting in multipliers that are significantly below one. Conversely, in periods …

. 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 …

consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … temporarily allow consumption to rise. Regarding housing returns, if housing assets are complementary to stocks, then investors … their consumption. …

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 … substitutes consumption will be temporarily reduced. …

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 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 …

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 …-life investment value) and other consumption expenditures. If religious contributions do not have an after-life investment value, the …

This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to …, the estimation results seem to indicate that government consumption shocks have Keynesian effects for both industrial and … developing countries. In the case of tax shocks, the evidence suggest that they do not have any effects on private consumption …

This paper shows that having access to a fast Internet connection is an important determinant of capitalization effects … average property from a high-speed first-generation broadband connection (offering Internet speed up to 8 Mbit/s) would …

Does the Internet undermine social capital or facilitate inter-personal and civic engagement in the real world? Merging … unique telecommunication data with geo-coded German individual-level data, we investigate how broadband Internet affects …-owned telecommunication provider in the 1990s that still hinders broadband Internet access for many households. We find no evidence that the …