The empirical literature on household savings tends to treat savings simply as the residual of income minus consumption … smoothing consumption is also confirmed by the use of a system of equations in which both portfolio and production decisions are … buffering consumption. As an extension, we have explored the monthly ICRISAT panel data for the period 2009-2012 in the same …

Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on … rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have … the optimal allocation of attention by decision-makers can explain important features of economic data. …

of in cash can play a major role in encouraging savings. When paid on the account, the money is saved by default, while … in other assets, but increase their expenditures on regular consumption items. We exclude two alternative mechanisms that … empathy towards the banker. Second, we provide evidence against the treated having developed an active savings habit on the …

theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional … theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and … extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for …

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 …

The article illustrates how the integration of modern theory of finance and stochastic dynamic macroeconomic analysis … 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 …

improve their access to “credit”. Sustained program participation serves as “collateral” for households’ acquisition of … informal credit, leading to the improvement in economic security and poverty reduction. Using a three-round household panel … dataset in India in 2009-2012, we produce robust evidence that continuous participation in NREGS facilitates credit …

In what follows various econometric technique is applied to determine the source of consumption growth with historical …. Evidence supports the argument that consumption as economic growth engine has been possible only due to ability to withdraw and …

How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more … volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. We …