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. …

countries is examined applying a fractional cointegration method which tests for the possible existence of a long …

This paper uses fractional integration and cointegration methods to analyse the determinants of the amount of loans …

rates ; causality-in-variance ; cointegration …

little evidence for them. We argue that this outcome could be due to episodic failure of cointegration, possible two …

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. …