consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …

are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …

are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …

consumption and real GDP. In line with BNW, we find that confidence shocks explain a large share of the variance in real economic … contribution to business cycle fluctuations is reduced, confirming the global dimension of confidence shocks. Overall, our evidence … shows that confidence shocks play some role in business cycle fluctuations. At the same time, we show that confidence shocks …

This paper analyses empirically how cross-border consumption varies across product and services categories and across …; it analyses the cross-border consumption behaviour of cross-border commuter households residing in Belgium, France and …, reflecting about 17% of their gross annual income from Luxembourg and contributing about 10% to total household final consumption …

. Then we study the impact of changes in exogenous variables on consumption, growth, and welfare. Next, we show that … consumption-wealth ratio and welfare should be higher in an open economy than in a closed economy. We discuss whether open …