Showing 1 - 10 of 1,968
. I find potent support in favor of nonhomotheticity in aggregate consumption data, with nondurable goods being …
Persistent link: https://www.econbiz.de/10009220097
This is a short survey on consumption theory. Consumption is important to both fluctuation and growth. In addition …, consumption introduces some important issues involving financial markets and portfolio decisions. We will describe consumption … interaction between consumption decisions and portfolio choice is investigated in the third part of the paper. …
Persistent link: https://www.econbiz.de/10009647429
This paper attempts a broad appraisal of the literature on macro consumption function in Islamic economics. It starts … consumption in economics as also to interest being shown in the subject in other social sciences. This inter-disciplinary approach … seeks to detach consumption from income and links it to wealth. It also brings in environmental and ethical concerns into …
Persistent link: https://www.econbiz.de/10005790472
Consumption expenditure is an important component of aggregate demand. Recent theoretical and empirical studies search … for possible Keynesian / Non Keynesian fiscal impacts on household consumption decisions. Besides providing insight to … determinants of consumption decisions, these studies also provide guide to policy solutions to high and risky current account …
Persistent link: https://www.econbiz.de/10005616926
In the past decade, weak household consumption was an important reason for low rates of overall economic growth in … consumption. Consumption, information-processing, and decision-making theory all serve to derive hypotheses, which are evaluated … indicate that consumption is mainly influenced by the long-run effects of news coverage. In this regard, decisions to consume …
Persistent link: https://www.econbiz.de/10011109649
This paper, using the Turkish data, employs a VAR model to decompose permanent and transitory shocks on consumption and … income. Pistoresi (1997), using USA data, reaches an empirical result that the permanent part of private consumption explains … consumption and income. Data used for this study is obtained from the Turkish Central Bank EDDS and ranges from 1987:1 to 2006 …
Persistent link: https://www.econbiz.de/10008462317
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647230
output and 56 - 69% of the variance of consumption in the model. Financial shocks are important in explaining interest rate …
Persistent link: https://www.econbiz.de/10008693563
I estimate DSGE models with recurring regime changes in monetary policy (inflation target and reaction coefficients), technology (growth rate and volatility), and/or nominal price rigidities. In the models, agents are assumed to know deep parameter values but make probabilistic inference...
Persistent link: https://www.econbiz.de/10005789972
DSGE models are currently estimated with a two step approach: data is first filtered and then DSGE structural parameters are estimated. Two step procedures have problems, ranging from trend misspecification to wrong assumption about the correlation between trend and cycles. In this paper, I...
Persistent link: https://www.econbiz.de/10005835776