The study explores the application of demand theory in studying consumer spending behaviour and policy analysis, with a focus on food demand and consumption patterns. It reviews various demand function systems and introduces the differential approach as a superior method for modelling demand....

Understanding the way households modify their consumption is essential to address the impact of different economic policies. In this paper we use a panel of Spanish households spanning the period 2002-2011 to study the marginal propensity to consume (MPC) out of wealth. The wealth effect is...

This paper examines the heterogeneous impact of inflation on Spanish households between 2021 and 2023, focusing on differences by age and income. The aim is to evaluate how price increases unequally burden households and redistribute welfare across different population segments. The analysis is...

This paper presents the differential approach to applied demand analysis. The demand systems of this approach are general, having coefficients which are not necessarily constant. We consider the Rotterdam parameterization of differential demand systems and derive the absolute and relative price...

In the 2001 U.S. Survey of Consumer Finances (SCF), 27% of households report simultaneously revolving significant credit card debt and holding sizeable amounts of liquid assets. These consumers report paying, on average, a 14% interest rate on their debt, while earning only 1 or 2% on their...

The corona virus pandemic has dramatically changed the economic outlook for the United States and many other countries. In June this year, the Federal Reserve published its unemployment predictions. From a July 2020 level of 10.2%, it expects the year-end ratio to drop to 9.3%; by the end of...

This article investigates how wealth and capital gains affected household consumption in the USA in the period 1989-2004. The empirical evidence brought so far by a large literature that investigates the role of wealth shocks on consumption is mixed, due to the low quality of the data more...

This article investigates how wealth and capital gains affected household consumption in the USA in the period 1989-2004. The empirical evidence brought so far by the literature is unclear, likely because of the low quality of the data more readily available. We combine information from the...

This paper uses a unique survey questionnaire to assess the impact of the 2002 French tax cut on consumption. I find that the proportion of "spender" consumers as opposed to "Ricardian" consumers is relatively high, with 52.7 per cent of the households declaring that they consume their tax cuts....