We investigate the long run relationship between private consumption, disposable income and wealth approximated by … equity and house price indices for a panel of 15 industrialized countries. Consumption, income and wealth are cointegrated in … idiosyncratic level, a long run equilibrium is detected between consumption and income, i.e. the wealth variable can be excluded …

We explore the long and short run relationship between private consumption, disposable income and housing and financial … wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated … explain aggregate consumption behaviour. The cointegrating vector is robust and in line with the life cycle permanent income …

We explore the long and short run relationship between private consumption, disposable income and housing and financial … wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated … explain aggregate consumption behaviour. The cointegrating vector is robust and in line with the life cycle permanent income …

We investigate the long run relationship between private consumption, disposable income and wealth approximated by … equity and house price indices for a panel of 15 industrialized countries. Consumption, income and wealth are cointegrated in … idiosyncratic level, a long run equilibrium is detected between consumption and income, i.e. the wealth variable can be excluded …

, especially for the future path of private consumption. Although they receive high attention in the media, their forecasting power …

, especially for the future path of private consumption. Although they receive high attention in the media, their forecasting power …

and export activities in recent decades, private consumption is expected to become a driver for growth in the period ahead …

development, policies are directed to improve the role of private consumption. However, the institutional framework is an … consumption, especially in recent years. After controlling for different income levels, the average propensity to consume is … significantly lower for migrants, as their access to public services is limited. The downward pressure on consumption will increase …

development, policies are directed to improve the role of private consumption. However, the institutional framework is an … consumption, especially in recent years. After controlling for different income levels, the average propensity to consume is … significantly lower for migrants, as their access to public services is limited. The downward pressure on consumption will increase …

development, policies are directed to improve the role of private consumption. However, the institutional framework is an … consumption, especially in recent years. After controlling for different income levels, the average propensity to consume is … significantly lower for migrants, as their access to public services is limited. The downward pressure on consumption will increase …