A method of testing the relative importance for consumption of full insurance behaviour and changes in income is … consumption. Both types of behaviour are found to be statistically significant, but the full insurance model is found to explain … considerably more of the growth in consumption than changes in income do. …

This paper tests for the optimality of consumption across Canadian provinces. The results indicate that consumption is …

This paper uses consumption patterns across countries to measure capital market integration. It argues that earlier … Japan was the only industrialized country for which national consumption was fully integrated with the rest of the world … associated with incomplete integration across capital markets. Elsewhere, consumption is found to be excessively dependent on …

using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …We analyze the flexibility of the Canadian labour market across provinces in both an inter- and intra-national context … Canadian labour markets respond in a similar manner to their U.S. counterparts and are more flexible than those in major euro …