mixed results with a wide range of consumption responses to changes in housing wealth. In this paper, using quarterly data … consumption responds positively and swiftly to changes in real house prices and gross disposable income as expected. Using the …

quasi-experimental variation in consumption patterns to infer a causal effect of tax policy changes. Using a novel dataset …

Private consumption in the U.S. has recovered swiftly from the pandemic trough and has been running above the pre …-pandemic trend even as interest rates rose sharply. This paper examines the underlying drivers for this strong growth in consumption … wealth (especially housing), along with solid real income gains contributed to strengthening post-pandemic consumption …

household consumption behavior. This paper investigates how the spread of the pandemic and government interventions have …

sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of … consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect improved risk sharing …

We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more … volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. We …

We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the … income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the … historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we …

'buffer stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the …