This textbook offers a compact, yet formal, synthesis of the broad field of consumption theory. Written in a coherent and accessible way, this book introduces graduate and postgraduate students to dynamic optimization applied to consumption under certainty and uncertainty, in discrete and...

This paper aims at analyzing labor productivity per hour worked in the manufacturing industries of four industrialized countries, Germany, France, Italy and the U.S., between 1950 and 2010. It uses the common trends - common cycles approach to decompose series into trends and cycles. We find...