We measure the response of household consumption of different income groups to social spending during the 2002 …

sectors and over time in order to examine how household consumption responds to different types of positive income shocks … (regular tranches versus lump-sum payments). Focusing on single-earner households, we find evidence of consumption smoothing in … accordance with the Permanent-Income Hypothesis, since total and food consumption do not exhibit excess sensitivity to …

sectors and over time in order to examine how household consumption responds to different types of positive income shocks … (regular tranches versus lump-sum payments). Focusing on single-earner households, we find evidence of consumption smoothing in … accordance with the Permanent-Income Hypothesis, since total and food consumption do not exhibit excess sensitivity to …

countries. Out-of-sample forecast exercises also reveal that consumption changes are highly predictable. Our vector … autoregressive (VAR) model analysis also shows significantly positive responses of consumption to income shocks, and non …-negligible proportions of variations in consumption are explained by innovations in income. …

China. We revisit this issue by addressing direct evidence of the predictability of consumption growth in China during the … strong evidence against the PIH for both countries. Out-of-sample forecast exercises show that consumption changes are highly …

The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …

Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in … Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … consumption models in the literature for their empirical verification taking macro level data for Pakistan economy. These include …

increase in household consumption. …

This paper documents that region-level consumption exhibits excess sensitivity to lagged income in Italy, Japan, Spain …, the United Kingdom and West Germany. However, region-specific idiosyncratic) consumption exhibits substantially less …