We estimate the degree of "stickiness" in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …

data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as … the consumption level of all households who are perceived to be richer, on household savings and consumption. When … controlling for own income, an increase in reference consumption of 100 euros leads to an increase in consumption of 10 to 25 …

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …

-income households were slightly more affected than others due to their consumption patterns. The savings rate also depends on employment …

consumption expenditures evolved during the COVID-19 crisis and beyond. …

consumption to a 'surprise' term in permanent income as well as past values of consumption growth. We can interpret this … income growth measuring the excess sensitivity of consumption with respect to income changes and thus the degree of liquidity … earlier literature. Since we employ different estimators including (pooled) mean group estimation, we are also able to check …

theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … find that individuals' consumption responses are significantly related to their economic situation, time preferences …