theory, the consumers will not change their current spending when they anticipate a tax increase in the future. In order to …

consumption, government debt, government expenditure, GDP per capita, population growth and inflation are variables which are used … an increase in government debt or government expenditure will decrease household consumption per capita. This implies … consumption and economic growth, particularly during economic downturn. …

theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … find that individuals' consumption responses are significantly related to their economic situation, time preferences …

theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … macroeconomic models. Moreover, using multinominal logit regressions, we find that individuals' consumption responses are …