Purpose – This paper aims to reconcile conflicting findings in the literature regarding the extent of consumption … data from 1973 to 2000 to find the extent of consumption smoothing among US state and local governments. Findings – It is … this area. Originality/value – This paper fills a gap in the literature on consumption smoothing by considering a panel of …

the optimal and actual consumption smoothing current accounts. Findings – Based on vector autoregressive model, it was … (insignificant) deviation between the actual and the estimated consumption-smoothing current account. The results show that the … hypothesis of full-consumption smoothing could not be rejected by the data for the full sample period, implying that the degree …

sense that consumption decisions take into account previous periods' expectations about output fluctuations. Households will … behavior, given the optimization problem faced by a representative agent that maximizes consumption utility. In such frameworks …

sense that consumption decisions take into account previous periods' expectations about output fluctuations. Households will … behavior, given the optimization problem faced by a representative agent that maximizes consumption utility. In such frameworks …

the optimal and actual consumption smoothing current accounts. Findings – Based on vector autoregressive model, it was … (insignificant) deviation between the actual and the estimated consumption‐smoothing current account. The results show that the … hypothesis of full‐consumption smoothing could not be rejected by the data for the full sample period, implying that the degree …

Purpose – This paper aims to reconcile conflicting findings in the literature regarding the extent of consumption … data from 1973 to 2000 to find the extent of consumption smoothing among US state and local governments. Findings – It is … this area. Originality/value – This paper fills a gap in the literature on consumption smoothing by considering a panel of …

Examines the economic distribution of demand deposits during 1935 in the USA. Concludes that data on the distribution …

and the demand for it. The paper argues that the heavy cost of maintaining checking accounts is not reasonably explained … demand for money. The paper concludes that checking accounts possesses the further essential quality of being quantitatively … subject to control, which in turn permits a limitation of the total quantity of demand deposits and hence of money. …

Applies new tests for parameter instability in cointegrated models to evaluate the traditional export demand function … satisfy the conditions of a small, price-taking country in world trade. Irrespective of whether one normalizes export demand … function by price or quantity, the state of external demand appears to be a key ingredient in Singapore’s export growth. This …

second, that the elasticity of demand for each input with respect to consumption goods production is considerably higher than … short run and ceteris paribus, further removal of import restrictions may have a negative impact on the demand for domestic … have a proportionately larger impact on the price of domestically-produced investment goods than on consumption goods; and …