-income relationship. We show that the environmental Kuznets curve can be derived directly from the technological link between consumption …

the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to … higher steady-state household consumption than if it could not borrow. However, in a developing country that saves little … governments repress as well. This leads to a "growth trap" where household steady-state consumption is lower than if the …

We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for … consumption of about 30%, but that roughly half of this decline is reversed in a subsequent recovery. Uncertainty about … consumption growth increases dramatically during disasters. Our estimated model generates a sizable equity premium from disaster …

and consumption. Most integrated assessment models (IAMs) relate temperature to the level of real GDP and consumption, but … uncertainty over future temperature change and its impact? I address these questions by estimating the fraction of consumption …

evidence is not as "shovel ready" as one would like. Although consumption and investment clearly respond to tax incentives and …

A basic prediction of effcient risk-sharing is that relative consumption growth rates across countries or regions … sharing: episodes of high relative regional consumption growth are associated with regional real exchange rate depreciation …. Across countries however, the association is reversed: relative consumption and real exchange rates are negatively correlated …