provides a deeper understanding of the link between asset prices and consumption. It shows that this approach gives only a … partial explanation for recent trends in US consumption. Comparing wealth effects in Anglo Saxon countries with continental … consumption. …

in beer quality has been one of the drivers behind the spectacular growth of beer consumption in several Eastern European … countries. Most remarkable was the growth in the Russian beer market, where beer consumption more than quadrupled over the … improvement in the quality of beer has been an important driver behind rapid growth in beer consumption in Russia. In den letzten …

change in asset or portfolio return affects household’s consumption growth, using a sample of households from the Consumer … Expenditure Survey. Since changes in housing return can affect consumption of households over time, we investigate whether the … affects consumption growth, and housing is an important asset to account for in the household portfolio. …

’s consumption growth. The estimates obtained using real after-tax composite return are about 0.15-0.3 and are more robust to linear … and nonlinear estimations, different consumption measures, and various time periods than those obtained by using …

decreasing returns to labour. We show that this requires that consumption and leisure are both highly intertemporally …