different types of consumers. Notably, spending rose most for consumers who were initially most likely to be liquidity … results suggest that liquidity constraints are important. More generally, we found that there can be important dynamics in … consumers' response to 'lumpy' increases in income like tax rebates, working in part through balance sheet (liquidity …

economies during times of crisis. We find some limited evidence in its favour: if public consumption is reduced in response to a … fiscal crisis (as defined by a high level of debt), private consumption does seem to increase. However the size of the effect … is smaller than that typically found in similar studies. Furthermore, the increase in private consumption is not usually …

canonical Permanent-Income model. Spending rose most for consumers who were initially most likely to be liquidity constrained … balance sheet (liquidity) mechanisms. …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

shift to greater consumption than intended is largely unexplained by presentbias or unanticipated shocks, and is likely a …

of tax changes on consumption and savings; and 4) the effect of tax changes on labour market activities. …

Using a representative survey of the German population, this paper studies individual consumption responses to a recent … for tax changes to affect consumption and economic activity. Our analysis of the socio-demographic and economic … determinants of consumption responses suggests that temporary and permanent tax changes have a similar impact, that interest rates …

Consumer Expenditure Survey, we exploit this historically unique experiment to measure the change in consumption expenditures … consumption demand are significant. The estimated responses are largest for households with relatively low liquid wealth and low … income, consistent with liquidity constraints. …