negative if consumption grows slowly. The reasons for this change are straightforward, if underappreciated: (i) the value of …

, household consumption will be an important component of economic growth. In the countries of the Western Balkans also investment …

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 …

. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier …

households’ consumption expenditures and their perceived pass-through of the tax change into prices to quantify its effects. The … consumption spending by 34 billion Euros. …

We estimate the effects of stock market volatility on the growth rates of durable consumption, non-durable consumption … adverse effects on the growth rates of investment and durable consumption, whereas the in uence on non-durable consumption …

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 …

negative if consumption grows slowly. The reasons for this change are straightforward, if underappreciated: (i) the value of …

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 …