In this paper, we estimate the behavior of private consumption in Cote d'Ivoire under the permanent income hypothesis … consists of real household consumption, real gross domestic product, and the real interest rate on deposits. The empirical … credits. In addition, private consumption can be increased through income or consumption tax reductions. …

In this paper, we estimate the behavior of private consumption in Cote d’Ivoire under the permanent income hypothesis … consists of real household consumption, real gross domestic product, and the real interest rate on deposits. The empirical … credits. In addition, private consumption can be increased through income or consumption tax reductions. …

correction model, we contrast the cointegration of the variables by means of four specifications for the saving rate according to …

correction model, we contrast the cointegration of the variables by means of four specifications for the saving rate according to …

This paper contributes to the permanent income hypothesis (PIH) and excess consumption smoothness debate in the context … of fractional integration. We show that the excess consumption smoothness result is a consequence of the quarterly data … observe a substantial reduction in the degree of consumption smoothness, especially after the break found in 1975. …

Housing and pension wealth are shown to be important determinants of personal sector consumption and retirement … behaviour in the UK. Housing and state pension wealth have a positive effect on consumption, while private pension wealth … shown to be important. The consumption equation forecasts the late 1980s boom and the early 1990s slump in the UK better …

A dynamic consumption function, where consumption in the long run is determined by households' disposable income and … wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over several … deregulation and the current international financial crisis. In the current version, long run consumption is homogeneous in income …

A dynamic consumption function, where consumption in the long run is determined by households’ disposable income and … wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over several … deregulation and the current international financial crisis. In the current version, long run consumption is homogeneous in income …

We argue that the equation commonly used in the estimation of the wealth effect on consumption might be unsuitable for … volatility increases. Estimation of a Markov-switching model of the usual long-run aggregate consumption equation provides …