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 …

Consumer Expenditure Survey, we exploit this historically unique experiment to measure the change in consumption expenditures … about 20-40 percent of their rebates on non-durable goods during the three-month period in which their rebates were received … consumption demand are significant. The estimated responses are largest for households with relatively low liquid wealth and low …

Consumer Expenditure Survey, we exploit this historically unique experiment to measure the change in consumption expenditures … about 20-40 percent of their rebates on non-durable goods during the three-month period in which their rebates were received … consumption demand are significant. The estimated responses are largest for households with relatively low liquid wealth and low …

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 …