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This paper analyses the path of private consumption and its main macroeconomic determinants. These are related to the life-cycle approach which helps explaining consumption smoothing. In that respect, it is important to go beyond the simple correlation between current disposable income and...
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This paper analyses the path of private consumption and its main macroeconomic determinants. These are related to the life-cycle approach which helps explaining consumption smoothing. In that respect, it is important to go beyond the simple correlation between current disposable income and...
Persistent link: https://www.econbiz.de/10011506561
Persistent link: https://www.econbiz.de/10000718325
Persistent link: https://www.econbiz.de/10002527828
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