significantly larger drop in consumption than high-income households. Thus, consumption inequality increase after a pandemic shock …

significantly larger drop in consumption than high-income households. Thus, consumption inequality increase after a pandemic shock …

The consumption Euler equation is a building block of modern macro theory. Yet, the existing evidence on aggregate data … state of the economy. The nonlinear method reveals that during periods in which consumption is above its conditional average … value) than the estimates associated with periods of below-average consumption. Our evidence is consistent with models of …

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

There is widespread disagreement about the role of housing wealth in explaining consumption.  This paper exploits … authors, to explain fluctuations in the ratios of consumption and household debt to income in South Africa, from 1971 to 2005 … variable with key interactions with drivers of consumption and debt.  Credit conditions are proxied by a spline function …

There is widespread disagreement about the role of housing wealth in explaining consumption. This paper exploits liquid …, to explain fluctuations in the ratios of consumption and household debt to income in South Africa, from 1971 to 2005. The … variable with key interactions with drivers of consumption and debt. Credit conditions are proxied by a spline function …