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 …

In this paper, we estimate the behavior of private consumption in Cote d’Ivoire under the permanent income hypothesis … consists of real household consumption, real gross domestic product, and the real interest rate on deposits. The empirical … credits. In addition, private consumption can be increased through income or consumption tax reductions. …

countries is examined applying a fractional cointegration method which tests for the possible existence of a long …

following the classical approach based on I(0) stationarity or I(1) cointegrating relationships, we use fractional integration/cointegration … three variables are I(1). But we only find cointegration in the presence of autocorrelated disturbances, which means that … opposed to classical cointegration, which implies long memory and slow reversion to equilibrium. This suggests that an …

This paper uses fractional integration and cointegration methods to analyse the determinants of the amount of loans …

when iterated gives maximum likelihood estimates of cointegration effects. Most important, the algorithm can handle … different levels of cointegration, over-identified systems, breaks in trend, and complicated specifications for the short …

seasonal and non-seasonal cointegration relations among the variables. The response functions of consumption and income show a …The main purpose of this paper is to investigate the West-German consumption process depending on wealth and income … with seasonal cointegration techniques using the framework of vector autoregressive models to capture the seasonal pattern …