as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …-constrained households to maintain higher annual consumption growth compared to those non-eligible for the policy. Finally, we find that …

, the paper analyzes the impact of a monetary policy shock on households' current consumption and durable expenditures … depends on their debt and income levels. In particular, households with higher debt tend to reduce their current consumption …

, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …

regional household data to investigate the connection between consumption and financial innovation. It is concluded that … deregulation has led to a significant increase in the forward looking nature of consumption …

consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity …

for this hypothesis, and also suggest that private and government consumption are substitutes in the household utility …

the United States, Germany and Japan is not inconsistent with exchange rate volatility implied by consumption …

Using 2011-12 consumption micro-data, we find that nearly one-third of the variation in living standards in India can … be explained by location alone. Consumption levels and locational inequality are positively related. In effect, from an … these findings is the large difference in average consumption levels between rural and urban India and continued divergence …