study the impact of risk and the public sector on consumption-wealth ratio, growth and welfare, given the exogenous size of … the public sector. A higher weight of public consumption in the utility function raises the rate of growth due to a fall … in the consumption-wealth ratio. Then we show that consumptionwealth ratio and welfare are higher in an open economy than …

1982-2003. To this end, standard consumption equations are estimated and then compared, in terms of in-sample and out … about the i) current, ii) future, iii) general, and iv) personal situation. In turn, the total private consumption is … household surveys improves both the goodness- of-fit of consumption equations and their forecasting performances. It is …

trends in output, consumption and investment) to provide new evidence on this question(using subsaharan africa as a case …

This paper assesses the information content of two survey indicators for consumption developments in the near future … confidence, the perceptions of buyers of consumption goods. This paper examines whether perceptions of sellers of consumption … goods, measured by retail trade surveys, may also improve short-term monitoring of consumption. We find that both consumer …

consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …

. Then we study the impact of changes in exogenous variables on consumption, growth, and welfare. Next, we show that … consumption-wealth ratio and welfare should be higher in an open economy than in a closed economy. We discuss whether open …

analytical solution to the model, we solve it numerically. We find that nondurable consumption becomes more volatile as down … adjustment of consumption to permanent income shocks in an attempt by agents to spread out the burden of down payments over time. …