of deterministic seasonality in these series. We document that the data show most such deterministic seasonality for …

State-level consumption exhibits excess sensitivity to lagged income to the same extent as US aggregate data, but state …-specific (idiosyncratic) consumption exhibits substantially less sensitivity to lagged stste-specific income - a result that also holds for … reaction of consumption to idiosynctratic disposable income shocks even if it fails at the aggregate US level. Further analysis …

This paper studies the consumption decisions of agents who face costs of acquiring, absorbing and processing … consumption plans. In between updating dates, they remain inattentive. This behaviour implies that news disperses slowly … throughout the population, so events have a gradual and delayed effect on aggregate consumption. The model predicts that …

positive shock of government consumption has an effect on taxes and investment, v) fiscal policy instruments have a high …

impulse responses and find that, in order to match the fall in consumption recorded by the VAR, we have to allow for 75% of …

, bank lending activities and to a certain extent, consumption. The impact of shocks on investment is harder to decipher … system is perturbed. In the long run, there is no evidence of positive wealth effects on consumption while sustained …

recent period. The indicators to be tested are CNBC-e Consumption Index and Manufacturing Industry Output Index. CNBC …-e Consumption Index can be expected to be the early indicator of consumption expenditures in Turkey which is composing more than 70 …