We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …

The paper is about the economic modelling of aggregate consumption expenditure with particular emphasis on the … stability") we shall derive a first order approximation for the change in the aggregate consumption ratio. This approximation … allows to analyze whether and how the distribution effect on income affects the aggregate consumption ratio. …