We present theoretical and empirical results on consumption during an unemployment spell. …

-2004 period. Real consumption and investment expenditures, as well as their broadly defined components, are examined. We also test …

During the last decade most western economies have experienced large and unexpected fluctuations in consumption and … savings. The purpose of this paper is to provide additional insights into the individual household's consumption decision and … thereby increase the knowledge of what governs these important macro variables. A consumption equation is estimated on Swedish …

We quantity an amount of cross-sectional income and consumption smoothing achieved within subgroups of states, such as …

This paper presents a laboratory experiment that directly tests the theoretical predictions of consumption choices … under rational inattention. Subjects are asked to select consumption when income is random. They can optimally decide to … of the theory: 1) Subjects optimally make stochastic consumption choices; 2) They respond to incentives and changes in …

, Poland, Romania and Hungary). To achieve this performance, it embraced an economic growth model based on consumption rather … countries to adopt the euro. Reality has shown that an economy that relies too heavily on consumption and neglects investments …

It has long been argued that the anticipations of some future event will impact current consumption and well-being in … model, by assuming that in addition to his own current consumption, an agentś current utility depends upon a reference … consumption level that is based on expected future consumption. Two alternative specifications of the anticipated future …

Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent … ; income ; consumption ; transition ; Russia …