The present paper tests for the existence of multicointegration between real per capita private consumption expenditure … income and consumption expenditure on the one hand, and the stock of consumers' wealth, which can be considered as cumulative …

We study how estimators that are used to impute consumption in survey data are inconsistent due to measurement error in … consumption. Previous research suggests instrumenting consumption to overcome this problem. We show that, if additional regressors … are present, then instrumenting consumption may still produce inconsistent estimators due to the likely correlation …

We offer a model for the distribution of consumption over categories of expenditure. We developed this model for …

structure of private consumption with respect to eight commodity groups. We began with eleven different approaches from which we … conclusion is that the Skim model, presented in this paper, generally performs better than the other models considered (Rotterdam …

We study the statistical properties of heterogeneous agent models. Using a Bewley-Hugget-Aiyagari model we compute the …

In this paper, we study the statistical properties of heterogeneous agent models with incomplete markets. Using a …

We study the statistical properties of heterogeneous agent models. Using aBewley-Hugget-Aiyagari model we compute the …

In this paper, we study the statistical properties of heterogeneous agent models with incomplete markets. Using a …

fitting of spatial econometrics models. By extending the family of models that deserve attention, Elhorst reveals the need to …