How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key … greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more …

We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …

surpluses without a fall in consumption, capital inflows should be used to increase future output. This paper tentatively finds … following consumption booms. It also shows that many recent large current account deficits have been predominantly the result of … consumption or non-productive investment booms. …

sector, government employment and wages, and saving and credit cooperatives. The attractiveness of Mongolia’s mining sector …

The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting …