Im Euroraum und insbesondere in Deutschland hat sich die Konjunktur lange Zeit nur schwach entwickelt. Ein wesentlicher Grund dafür war nur eine verhaltene Dynamik der Binnennachfrage und insbesondere des Konsums. Im Durchschnitt unterschiedlicher Länder ist ein deutlicher Einfluss der...

We estimate the degree of ‘stickiness’ in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of auto-correlation, with a stickiness...

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...