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 …

recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …

The paper revisits the investment simulation based on strategies exhibited by Generalized (m,2)-Zipf law to present an … particular length of words, we can see how wild historical fluctuations over time series data coped with the Zipf strategies. …

) and constructs three classes of indicators that capture the quality of leisure ('pure leisure', 'co-present leisure' and … 'leisure fragmentation') to show that the relative growth in leisure time enjoyed by less-educated individuals documented in … previous studies has been accompanied by a relative decrease in the quality of that leisure time. These results are not driven …

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 …

the production and consumption decisions of the individual in one model. For each individual, it identifies the customers … customers. These relations deal with value (quantities and prices), payment (subsistence, barter, money, and bond) and …

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern … consumption expenditure at retirement generated by the model is zero, while the mean is negative, matching the HRS data. However …

superior management expertise that allows them to predict market fluctuations and plan the expansion and investment strategies …) adjustment and validate the use of a discrete choice modelling thereafter. Investment process occurs more smoothly than … anticipate the investment spikes by hiring one year in advance in addition to the simultaneous hiring. These firms possess a …