Contrary to the implications of economic theory, consumption inequality in the US did not react to the increases in … consumption is imputed into the Panel Study of Income Dynamics to create panel data on income and consumption for the period 1980 …. Together, these phenomena can explain the lack of an increase in consumption inequality …

current account without excessive consumption volatility …

the explanation of the J-curve phenomenon in terms of habit persistence in consumption and sluggishness in capital … expense when the perturbation is at work and a definitely higher level of consumption at the new steady-state. Habitual …

consumption and intratemporally substituting consumption between importables and nontradables. The relative strength of these …

income and consumption. It is shown that both the OECD and the non-OECD countries benefit from financial integration in terms … of consumption risk sharing and smoothing. The RE/PIH for the transitory income is not rejected for the OECD countries … suggesting full consumption smoothing. Regression results also support the RE/PIH prediction that financial integration delivers …

macroeconomic and macroprudential policies. We show how the availability of a durable consumption good (housing), on the one hand …

macroeconomic and macroprudential policies. We show how the availability of a durable consumption good (housing), on the one hand …

-run consumption spillovers to non-reforming countries under incomplete consumption insurance. While lower benefits reduce unemployment …-provided insurance. A portion of these additional savings flows to the non-reforming country and depresses long-term consumption due to …