This paper studies the long-run relationship between consumption, asset wealth and income - the consumption … predict changes in income - the consumption wealth ratio predicts business cycles, not stock market cycles. Asset price … changes are found to have virtually no effect on German consumption, both in the short as well as in the long-run. Conversely …

This paper studies the long-run relationship between consumption, asset wealth and income in Germany, based on data … changes in income. Asset price changes are found to have virtually no effect on consumption – both in the short as well as in …

This paper studies the long-run relationship between consumption, asset …

consumption, construction and the banking system. This paper examines links for Germany between household portfolios, income and … consumption in a six-equation system, for 1980-2012 data, for consumption, house prices, consumer credit, housing loans, liquid ….We find evidence of well specified consumption and house price functions and that Germany differs greatly from the Anglo …

Recent theoretical advances in consumption theory suggest that there may exist predictable consumption surges which, if … identify economic variables that might help improve the OECD's forecasts for Germany's consumption and GDP growth. …

model is applied. Special focus is put on the consumption effects of population ageing and the potential to counter those by … capita consumption is among all demographic scenarios lower than without demographic changes. Permanent immigration can … retard the consumption decrease. Rising fertility even reinforces the decline of consumption in the examined period of time. …

, especially for the future path of private consumption. Although they receive high attention in the media, their forecasting power …