. I find potent support in favor of nonhomotheticity in aggregate consumption data, with nondurable goods being …

We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … cross-country heterogeneity in how different factors (including durable-specific ones) explain consumption; (iii) the … strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …

consumption data. We develop a specific approximation to the optimal consumption growth rule and use Monte Carlo evidence to show …

income shocks to consumption. Log-earnings are the sum of a general Markovian persistent component and a transitory …. Consumption is modeled as an age-dependent nonlinear function of assets and the two earnings components. We establish the … nonparametric identification of the nonlinear earnings process and the consumption policy rule. Exploiting the enhanced consumption …

We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …

direct monetary cost and the indirect health cost (value of health lost) of unhealthy consumption. The health cost increases …

investment subsidy can be useful in order to reduce consumption and to increase investment, growth, and welfare of the long …-run self. A consumption tax, perhaps surprisingly, is counterproductive. It induces individuals with limited self-control to …

general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …