modelling framework for analysing the household flow of funds jointly with consumption.  The consumption function incorporates … consumption and housing purchase decisions jointly with portfolio decisions, there is much to be gained in modelling a household …

There is widespread disagreement about the role of housing wealth in explaining consumption.  This paper exploits … authors, to explain fluctuations in the ratios of consumption and household debt to income in South Africa, from 1971 to 2005 … variable with key interactions with drivers of consumption and debt.  Credit conditions are proxied by a spline function …

The paper analyses household money demand and consumption. Variables that measure shortage and expectations about its … consumption. …

Evidence from several countries reveals a substantial drop in household consumption around retirement age that some … panel survey, we find no evidence of a consumption-retirement puzzle in Spain for the period of 1985-2004.  However, we find …

A stable, long run consumption equation is estimated for Australia using quarterly data from 1977(2) to 2008(2). The …-2008, the log consumption to income ratio rose by around 14 percentage points. The relaxation of households' downpayment and … collateral constraints together boosted the log consumption to income ratio by about 31 percentage points, given the rise in …

to consume out of financial wealth and raises the effective rate of discount in the aggregate consumption Euler equation …

consumption model and the Method of Simulated Moments. The model includes stochastic labor income, liquidity constraints, child …-run and long-run discount rates to differ. Data on retirement wealth accumulation, credit card borrowing, and consumption …

to consume out of financial wealth and raises the effective rate of discount in the aggregate consumption Euler equation …

The consumption behaviour of UK, US and Japanese households is examined and compared using a modern Ando …-Modigliani style consumption function.  The models incorporate income growth expectations, income uncertainty, housing collateral and … credit availability for UK and US but not Japanese households has undergone large shifts since 1980.  The average consumption …