the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

Global shocks potentially distort economy's achieved equilibria. Considering the 2020 global crude oil price shock and … the 2019 coronavirus disease pandemic, this study proposes an energy and environment integrated general equilibrium model …

aggravated perception of financial threat. This led to greater willingness to change consumption patterns and use of mostly …