The relationship between temporary terms of trade shocks and household saving in developing countries is examined. It … is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in … private saving to transitory terms of trade shocks. …

what drives saving in Latin America. The studies cover Argentina, Chile, Colombia, Mexico, Peru, Uruguay, and Venezuela and … span a variety of topics ranging from assessing the impact of financial liberalization on saving to determining the role of … terms of trade shocks. Many of the studies also employ new data sources, that provide a better understanding of the saving …

in this paper. Moreover, as a reference series, different categories of consumption are used (services, food and non …-food items) instead of more aggregate measures of economic activity (total consumption, GDP). First of all, the survey results … significance of these relationships. We also construct regression models. The disaggregated analysis confirms that the CTS-consumption …

increase consumption, but only during bust periods. Wealth transfers from lottery winners to low income households enable … fiscal policy to stabilize consumption during bust periods. …

The negative first-lag autocorrelation of monthly consumption changes rejects the continuous-time random walk model of … consumption. This paper addresses the question of whether data distortions due to measurement errors or seasonal adjustment … autocorrelation or may not, depending on the statistical properties of the unknown seasonally-unadjusted monthly consumption. Overall …

This paper deals with an alternative approach to treating seasonality in error correction models for consumption with a …

Using regression discontinuity design we study a change in household consumption-related expenditures in Russia and …