The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … relationship between consumption, assets and earnings (i.e., the variable "cay"). The evidence in favor of a stable cointegrating … unobserved component model applied to US data over the period 1951Q4-2016Q4. The regression of consumption on assets and earnings …

, consumption and investment. In this paper, we apply a structural vector autoregressive (SVAR) model to gain first insights that … general investment and consumption of longlived goods in the EMU core countries in order to be prepared to react on different …

, consumption and investment. In this paper, we apply a structural vector autoregressive (SVAR) model to gain first insights that … general investment and consumption of long-lived goods in the EMU core countries in order to be prepared to react on different …

wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest … consumption wedge and in particular the durables wedge acted counter-cyclical. We attribute the latter to an internationally … government consumption. We introduce a strategy for likelihood maximization, which reliably and quickly locates the maximum …

wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest … consumption wedge and in particular the durables wedge acted counter-cyclical. We attribute the latter to an internationally … government consumption. We introduce a strategy for likelihood maximization, which reliably and quickly locates the maximum …