Search Results - subject:"consumption function"

Inequality and aggregate savings in the neoclassical growth model

Foellmi, Reto - 2010

state is always unique although the consumption function is concave. …

Persistent link: https://www.econbiz.de/10010316050

A reinterpretation of the Keynesian consumption function and multiplier effect

Murota, Ryu-ichiro; Ono, Yoshiyasu - 2010

We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic …

Persistent link: https://www.econbiz.de/10010332220

U.S. Consumption after the 2008 Crisis

Lee, Jaewoo; Rabanal, Pau; Sandri, Damiano - International Monetary Fund (IMF) - 2010

U.S. household consumption declined sharply in late 2008, marking a departure from the trend of a steady increase in U.S. consumption as a share of income since the 1980s. Combining econometric and simulation analysis, we estimate that this departure will be sustained beyond the crisis: the U.S....

Persistent link: https://www.econbiz.de/10011142214

Concave Consumption Function under Borrowing

Suen, Richard M. H. - Department of Economics, University of California-Riverside - 2010

of existing assets. The current study presents two main OÌˆndings. First, it is shown that the consumption function is …

Persistent link: https://www.econbiz.de/10010901469

Private Sector Consumption and Government Consumption and Debt in Advanced Economies An Empirical Study

Mukherjee, Sanchita; Bhattacharya, Rina - International Monetary Fund (IMF) - 2010

This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with fiscal variables, and in particular with government debt per capita. Using data from eighteen OECD countries the paper examines whether there is any empirical evidence to support...

Persistent link: https://www.econbiz.de/10008727794

After the Crisis; Lower Consumption Growth But Narrower Global Imbalances?

Ohnsorge, Franziska; Mody, Ashoka - International Monetary Fund (IMF) - 2010

We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary behavior in the face of uncertainty. We find that in the short run, continued income uncertainty will significantly dampen consumption growth. As such, consumption in the G-7...

Persistent link: https://www.econbiz.de/10008561067

Concave Consumption Function under Borrowing Constraints

Suen, Richard M. H. - Volkswirtschaftliche Fakultät, … - 2010

of existing assets. The current study presents two main findings. First, it is shown that the consumption function is …

Persistent link: https://www.econbiz.de/10008565110

To Starve or Not to Starve the Beast?

Kumhof, Michael; Leigh, Daniel; Laxton, Douglas - International Monetary Fund (IMF) - 2010

For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government spending cuts. This paper analyzes the macroeconomic and welfare consequences of this policy using a two-country general equilibrium model. Under several strong assumptions the...

Persistent link: https://www.econbiz.de/10008671300

Research on the Consumption Function of Rural Residents in Hunan Province

Chen, Hui-min - In: Asian Agricultural Research 2 (2010) 07

thesis makes a fitting of Hunan consumption function model, aiming to find out the consumption function model suitable to … Hunan Province. The results show that, Keynesian consumption function based on Absolute Income Hypothesis passes the … statistical test and econometric test, while the consumption function model based on Relative Income Hypothesis and that based on …

Persistent link: https://www.econbiz.de/10008693711

Public Expenditureson Social Programs and Household Consumption in China

Baldacci, Emanuele; Ding, Ding; Coady, David; … - International Monetary Fund (IMF) - 2010

This paper shows that increasing government social expenditures can make a substantive contribution to increasing household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and social expenditures for a panel of OECD countries and...

Persistent link: https://www.econbiz.de/10008470372