countries' standards, keeping domestic consumption growth at surprisingly low levels. As a consequence, despite the size of its …

procyclical vis-Ã-vis sending country income. Second, remittances tend to be spent on consumption of both imported and …

valuations on private consumption. Estimating a reduced-form VAR for seven OECD countries for the 1990s, it is found that the … impact from changes in old economy stock valuations on consumption is in general larger in the United States, Canada, and the … United Kingdom than in continental Europe. Furthermore, the impact from changes in new economy valuations to consumption is …

We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of … U.S. data. Results show that in earlier samples government spending is increasingly crowding in private consumption … consumption in the utility function and rule-of-thumb consumers to assess the sources of non-monotonic changes in the transmission …