Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business … crowding-in of both consumption and entry can be generated only under very specific assumptions. In a static model with full … such that future profits are high enough to generate entry. However, consumption falls for conventional parameter values …

on consumption. Using modern panel data econometric techniques and quarterly data for the period 1990:1-2008:2, we show … countries; (iii) housing wealth effects have increased for Asian coutries in recent years; and (iv) consumption reacts stronger … to negative than to positive shocks in housing and financial wealth. -- Wealth effects ; consumption ; emerging markets …

consumption, aggregate wealth, and labour income should predict both stock returns and government bond yields. We use data for … consumption to rise. Regarding government bond yields, when bonds are seen as a component of asset wealth, then investors react in … temporarily reduce their consumption …

consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large confidence …-term sectoral consumption shifts may occur. …

in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large …-term sectoral consumption shifts may occur …