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Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
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disregarded and yet sizeable component of household expenditures: consumption of food and non-food consumer packaged goods. We … tax records with household scanner data, thus minimizing measurement error for both expenditures and the key explanatory … variable, household disposable income. Even after controlling for differences in needs and for consumption volume, we document …
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Poverty is typically measured as insufficient yearly income or consumption. In practice, however, poverty is marked by seasonality, economic instability, and illiquidity across months. To capture within-year variability, we extend traditional poverty measures to include a temporal dimension....
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consumption volatility. A household's currently observed poverty status might therefore not be a good indicator of the household …
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We estimate real consumption's growth rate and volatility in light of three new facts documenting geographic differences in consumption: (1) consumers in separate markets buy different products, (2) a product's market share varies geographically conditional on relative price, and (3) product...
Persistent link: https://www.econbiz.de/10012932589
consistent with the data. Banking regulation, while stabilizing at the aggregate level, may induce volatility at the household …
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