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The asymmetric effects of deflation on consumption spending: Evidence from the great depression

Davis, J. Scott - In: Economics Letters 130 (2015) C, pp. 105-108

have asymmetric effects on consumption spending. Department store sales (durable consumption) react negatively to expected … deflation, but grocery sales (non-durable consumption) do not. …

Persistent link: https://www.econbiz.de/10011263452

Preference shifts and the change of consumption composition

Addessi, William - In: Economics Letters 125 (2014) 1, pp. 14-17

While most of the literature explaining the change in consumption composition has focused on the role of relative …

Persistent link: https://www.econbiz.de/10010939489

Nonlinear effects of government debt on private consumption: Evidence from OECD countries

Cho, Dooyeon; Rhee, Dong-Eun - In: Economics Letters 121 (2013) 3, pp. 504-507

This paper investigates nonlinear effects of government debt on private consumption. The estimated consumption function … consumption to a greater extent. …

Persistent link: https://www.econbiz.de/10010729469

Measurement error in imputation procedures

Campos, Rodolfo G.; Reggio, Iliana - In: Economics Letters 122 (2014) 2, pp. 197-202

We study how estimators that are used to impute consumption in survey data are inconsistent due to measurement error in … consumption. Previous research suggests instrumenting consumption to overcome this problem. We show that, if additional regressors … are present, then instrumenting consumption may still produce inconsistent estimators due to the likely correlation …

Persistent link: https://www.econbiz.de/10010743722

Voting under temptation

Bishnu, Monisankar; Wang, Min - In: Economics Letters 118 (2013) 3, pp. 419-423

Within the confines of linear tax and complete market, we show that the efficiency force for a negative capital tax may not be strong enough to reverse the politico-economic force for a positive redistributive taxation under temptation and self-control preferences.

Persistent link: https://www.econbiz.de/10010688079

Asymmetric responses to income changes: The payroll tax increase versus tax refund in 2013

Bracha, Anat; Cooper, Daniel - In: Economics Letters 124 (2014) 3, pp. 534-538

find that consumption declines 90 cents per dollar lost to the tax increase, and rises 60 cents per additional tax …

Persistent link: https://www.econbiz.de/10011041737

An alternative approach to the modelling of interest rate pass through and asymmetric adjustment

Valadkhani, Abbas; Bollen, Bernard - In: Economics Letters 120 (2013) 3, pp. 491-494

We propose an alternative approach to examine the nonlinear (asymmetric) behaviour of interest rates which can be both size and sign dependent. Compared to other widely used approaches, our model performs quite well based on two model selection criteria.

Persistent link: https://www.econbiz.de/10010681753

Alternative representations for cointegrated panels with global stochastic trends

Gengenbach, Christian; Urbain, Jean-Pierre; Westerlund, … - In: Economics Letters 118 (2013) 3, pp. 485-488

In this paper, we consider a cointegrated panel data model with non-stationary common factors, which, because of its appeal in many economic applications, has received much attention in the recent literature. By deriving a Granger-type representation theorem, we obtain several equivalent model...

Persistent link: https://www.econbiz.de/10010688093

Identification in models of gasoline pricing

Bachmeier, Lance - In: Economics Letters 120 (2013) 1, pp. 71-73

This paper presents evidence that the price of oil does not respond contemporaneously to shocks to the US gasoline market. We find no support for the hypothesis of feedback from the US gasoline market to the price of oil, justifying the identification of impulse response functions by applying a...

Persistent link: https://www.econbiz.de/10010665697

A model of inflation in Taiwan

Chow, Gregory C. - In: Economics Letters 117 (2012) 2, pp. 464-466

The model of Chow (1987) for inflation in China is applied to Taiwan. A cointegration relation linear in log price and log ratio of money supply to output is estimated. The change in this log ratio, lagged inflation and the lagged residual of the cointegration relation explain Taiwan’s...

Persistent link: https://www.econbiz.de/10010580476