encourage consumption, effecting over 100 million consumers. We use a unique dataset of credit cards transaction to study the …

standard permanent income model with intertemporally separable utility: the sensitivity of consumption to lagged consumer … sentiment and to predictable changes in current income I show that in a habit formation model the sensitivity of consumption … growth to predicted income can be to a large extent reinterpreted as a sluggish response of consumption to news Moreover the …

The standard approach to modelling consumption/saving problems is to assume that the decisionmaker is solving a dynamic … stochastic optimization problem However under realistic descriptions of utility and uncertainty the optimal consumption …

statistical evidences that the movements of aggregate consumption, disposable income, housing wealth and financial wealth are tied … consumer spending. Meanwhile, it is shown that the strength of the linkage between consumption and housing wealth is not …

consumption and real GDP. In line with BNW, we find that confidence shocks explain a large share of the variance in real economic …

Using a Bayesian SVAR analysis, we document that an increase in government purchases raises private consumption, the … inflation and, through the monetary policy rule, the real interest rate. Consumption increases as a result. …