. Hence, household consumption is not only determined by habit persistence but also by interpersonal comparisons. Most …

panel data for the period from April 2009 to November 2012, we examine the relationship between a household's inflation … expectations and its current spending by taking into account other factors, such as the household's wage growth expectations, the … uncertainty surrounding its inflation expectations, macroeconomic conditions, and unobserved heterogeneity at the household level …

system (QUAIDS) model controlling also for total expenditure on food, region of residence, household size, age of head of … household, whether women are working, number of time in which the household buys ready food, household type and income quartiles …