the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

This paper applies fractional integration and cointegration methods to examine respectively the univariate properties …

households’ consumption expenditures and their perceived pass-through of the tax change into prices to quantify its effects. The … consumption spending by 34 billion Euros. …

relatively ineffective in stimulating consumption with regards to their costs when compared to other measures such as (targeted …

aggregate consumption for longer. …

debt and its ratio to GDP. Second, exploiting unit root analysis and cointegration, we test for the sustainability of …

monthly) are analysed using fractional integration and fractional cointegration methods. Further, recursive cointegration … exhibit long memory. There is cointegration between the ASEAN five and the US but almost none between the former and China …

22 stock indices are analysed applying fractional integration/cointegration methods to daily data, first for a sample …