transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption …

response to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption …

spaces for 'appropriate' acts of consumption, exchange, and production within the contradictory normative and material spaces …"This book examines how ordinary people in Cuba carve out their own spaces for 2018 appropriate' acts of consumption …

response to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption …