the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between …. Both imbalances imply a low rate of time discount by both govern-ment and society: consumption in the present is forgone in … favour of consumption in the future. The paper examines how these imbalances came about, and goes on to consider whether they …

sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between …. Both imbalances imply a low rate of time discount by both government and society: consumption in the present is forgone in … favour of consumption in the future. The paper examines how these imbalances came about, and goes on to consider whether they …

We measure the response of household consumption of different income groups to social spending during the 2002 …

sectors and over time in order to examine how household consumption responds to different types of positive income shocks … (regular tranches versus lump-sum payments). Focusing on single-earner households, we find evidence of consumption smoothing in … accordance with the Permanent-Income Hypothesis, since total and food consumption do not exhibit excess sensitivity to …

sectors and over time in order to examine how household consumption responds to different types of positive income shocks … (regular tranches versus lump-sum payments). Focusing on single-earner households, we find evidence of consumption smoothing in … accordance with the Permanent-Income Hypothesis, since total and food consumption do not exhibit excess sensitivity to …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …