indicate Chinese children generation possesses the strongest consumption capability, while the elderly has the weakest. Since …

dependence on average consumption. We argue that accounting for consumption externalities in growth models requires consideration … do not internalize the effect of their choices on average consumption. In a dynamic sense, and differently from most of … the literature, households do not take into account the effect of changes in average consumption on the evolution of the …

consumption, either by raising the level of household disposable income or reducing the savings rate are likely to have the …

surpluses without a fall in consumption, capital inflows should be used to increase future output. This paper tentatively finds … following consumption booms. It also shows that many recent large current account deficits have been predominantly the result of … consumption or non-productive investment booms …

Inclusive growth, narrowly defined in this paper as growth that helps reduce inequality, is achieved if consumption of … the poor increases faster than consumption of the rich. The paper presents a simple accounting framework for a per …-percentile consumption diagnostics that could inform redistribution policies. The proposed framework is illustrated in application to Iraq …