the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals' saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …

In this paper the effects of a changing age distribution on aggregate consumption are analysed. This is done by … estimating a Norwegian consumption function which controls for age structure effects. The model is estimated on quarterly time … series data from 1968(3) to 1998(4). The results show that changes in the age composition affect aggregate consumption …

We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock … cointegration approaches confirm the latter through recursive estimation. The implication is that global market movements may have …

negative effects of austerity are about 22% less GDP and total household and government consumption and monthly wages; finally …