increase in real household consumption in the long run. Unemployment also depicted a rare positive relationship, and we … consumption in the United States (U.S.). Thus, the study used annual time series for data from 1990 to 2021. The study employed … household consumption in the U.S. For example, a one-unit improvement in e-commerce marketing results in a 0.72 per cent point …

We extend the classic Merton (1969, 1971) problem that investigates the joint consumption-savings and portfolio … preferences as in Harris and Laibson (2013) and find closed-form solutions for Merton's optimal consumption and portfolio …