the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

This paper elucidates the influence of stock market volatility on U.S. consumption using pooled mean group (PMG … market volatility on consumption are robust to the lag order, lag selection criteria, and outliers compared with the mean … group (MG) and the dynamic fixed effect (DFE) methods. I find that stock market volatility reduces total consumption …

Housing and pension wealth are shown to be important determinants of personal sector consumption and retirement … behaviour in the UK. Housing and state pension wealth have a positive effect on consumption, while private pension wealth … shown to be important. The consumption equation forecasts the late 1980s boom and the early 1990s slump in the UK better …

We argue that the equation commonly used in the estimation of the wealth effect on consumption might be unsuitable for … volatility increases. Estimation of a Markov-switching model of the usual long-run aggregate consumption equation provides …

This paper deals with an alternative approach to treating seasonality in error correction models for consumption with a …

1982-2003. To this end, standard consumption equations are estimated and then compared, in terms of in-sample and out … about the i) current, ii) future, iii) general, and iv) personal situation. In turn, the total private consumption is … household surveys improves both the goodness- of-fit of consumption equations and their forecasting performances. It is …

This paper presents new econometric specifications for the quarterly behavior of the aggregate consumption of Brazilian … (approximated) private income elasticity close to 0.4 and credit and interest (semi) elasticities of household consumption close to …

more than in a VAR (e.g. 2.61 vs. 2.04 for peak multipliers). Furthermore, our evidence suggests that consumption is …

stagnation of household consumption during the 1990s and find that the stagnation of household disposable income, the decline in …