sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of … consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect improved risk sharing …

We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …

greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more …How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. We …

This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and … savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper …

ahead, households may need to restrain consumption further to free resources for repaying debt. Household savings rates will …This Selected Issues paper analyzes household savings ratio in Spain. The household savings ratio has fallen to its … lowest historical rate in 2012, as households cut back savings to support consumption in response to negative income shocks …

personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the … United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints …

lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a … panel of advanced economies that greater labor income uncertainty is significantly associated with higher household savings … least two-fifths of the sharp increase in household saving rates between 2007 and 2009 can be attributed to the …

increase in real deposit rates may help lower household saving and boost domestic consumption. …This paper studies a panel of China's provinces over the period 1996-2009 during which urban household saving rates …

for this hypothesis, and also suggest that private and government consumption are substitutes in the household utility …