This paper outlines a methodology for forecasting the components of household final consumption expenditure, which is … necessary in order to forecast revenue col- lections from a number of different taxes. A forecast combination approach using … approach outperforms the almost ideal demand system, which is currently used by the Australian Treasury to forecast the …

household debt in the aspects of ‘flow effect' arising in the course of changes in household debt size and ‘stock effect …' occuring due to the level of household loans, and then, empirically analyzes the effects using the Korean time series data and … the OECD panel data.The result of empirical estimation with GMM reveals that the flow effect of household debt facilitates …

We develop a Supermultiplier model where debt-financed household autonomous consumption drives growth. However, instead … payments have on their income; and (ii) credit conditions to affect the pace of household expenditures. The model has two … equilibria, with steady state one (two) combining a lower (higher) household debt ratio with a higher (lower) growth rate. Both …