sentiment and consumption expenditures for the United States and the euro area. It shows under which circumstances confidence … indicators can be a good predictor of household consumption even after controlling for information in economic fundamentals …. Overall, the results show that the consumer confidence index can be in certain circumstances a good predictor of consumption …

stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …

framework for analysing the household flow of funds jointly with consumption. The consumption function incorporates household … interest rates. In a general equilibrium setting, these all have to be endogenised and since households make consumption and …

consumption and real GDP. In line with BNW, we find that confidence shocks explain a large share of the variance in real economic …

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 …

Based on the households' utility maximisation, a closed form approximation of the consumption function is derived and … the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our … lot of information on future income changes, but that also lagged consumption, through habit formation, plays an important …

This paper estimates the wealth effects on consumption in the euro area as a whole. I show that: (i) financial wealth …; (iii) consumption growth exhibits strong persistence and responds sluggishly to shocks; and (iv) the immediate response of … consumption to wealth is substantially different from the longrun wealth effects. By disaggregating financial wealth into its …

This paper adds to the literature on wealth effects on consumption by disentangling financial wealth effects from … of all wealth variables on euro area consumption is significant and positive in most specifications for both datasets ….6 cents per euro of financial wealth spent on consumption according to the estimations with euro area aggregate data. However …

on consumption. Using modern panel data econometric techniques and quarterly data for the period 1990:1-2008:2, we show … countries; (iii) housing wealth effects have increased for Asian coutries in recent years; and (iv) consumption reacts stronger …

finance and consumption. Given the breadth of the topic, it focuses on issues that are particularly relevant for policy …, namely i) wealth effects on consumption, ii) housing prices and household indebtedness, iii) retirement income, consumption … and pension reforms, iv) access to credit and credit constraints, v) financial innovation, consumption smoothing and …