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Asymmetric income and wealth effects in a non-linear error correction model of US consumer spending
Treeck, Till van - 2008
asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth … wealth declines can have considerable negative consumption effects in the short run, households have apparently been able, in … the longer run, to substantially increase consumption expenditure following income and wealth increases, but to keep the …
Persistent link: https://www.econbiz.de/10003744543
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Non-durable consumption and housing net worth in the Great Recession : evidence from easily accessible data
Kaplan, Greg; Mitman, Kurt; Violante, Giovanni L. - 2016
Persistent link: https://www.econbiz.de/10011485677
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Non-durable consumption and housing net worth in the Great Recession : evidence from easily accessible data
Kaplan, Greg; Mitman, Kurt; Violante, Giovanni L. - 2016
Persistent link: https://www.econbiz.de/10011502290
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Uncertainty, irreversibility, durable consumption and the Great Depression
Ejarque, João - In: Economica 76 (2009), pp. 574-587
Persistent link: https://www.econbiz.de/10003876297
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Liquidity constraints versus loss aversion in household consumption : a simple reconciliation
Treeck, Till van - 2010
asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth …
Persistent link: https://www.econbiz.de/10009306633
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Global Real Rates : A Secular Approach
Gourinchas, Pierre-Olivier - 2019
aggregate consumption, wealth and asset returns. Our present-value approach decomposes fluctuations in the global consumption-to-wealth … analysis identifies two historical episodes where the consumption-to-wealth ratio declined rapidly below its historical average …
Persistent link: https://www.econbiz.de/10012866647
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Modeling the consumption response to the CARES Act
Carroll, Chris; Crawley, Edmund; Slacalek, Jirka; … - 2020
To predict the effects of the 2020 U.S. CARES act on consumption, we extend a model that matches responses of households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during the lockdown, many types of spending...
Persistent link: https://www.econbiz.de/10012389446
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Unemployment risk. precautionary saving, and durable goods purchase decisions
Dunn, Wendy E. - 1998
Persistent link: https://www.econbiz.de/10001352872
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Predicting growth in US durables spending using consumer durables-buying attitudes
Baghestani, Hamid - In: Journal of business research : JBR 131 (2021), pp. 327-336
Persistent link: https://www.econbiz.de/10012545000
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A Note on Business Cycle Non-Linearity in U.S. Consumption
Cook, Steven - 2004
The recently examined durability-asymmetry hypothesis of Cook (1999) is re-evaluated using the diagnostic tests of time deformation proposed by Stock (1987, 1988). An application of these tests to disaggregated data on U.S. consumers' expenditure provides further support for this hypothesis,...
Persistent link: https://www.econbiz.de/10014069978