The present paper tests for the existence of multicointegration between real per capita private consumption expenditure … income and consumption expenditure on the one hand, and the stock of consumers' wealth, which can be considered as cumulative … multicointegrating relations and find supporting evidence for the existence of multicointegration in US consumption data. …

This paper elucidates the influence of stock market volatility on U.S. consumption using pooled mean group (PMG … market volatility on consumption are robust to the lag order, lag selection criteria, and outliers compared with the mean … group (MG) and the dynamic fixed effect (DFE) methods. I find that stock market volatility reduces total consumption …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure … income and consumption expenditure on the one hand, and the stock of consumers? wealth, which can be considered as cumulative … multicointegrating relations and find supporting evidence for the existence of multicointegration in US consumption data. …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

Using the standard linear model as a base, a unified theory of Bayesian Analysis of Cointegration Models is constructed … cointegration model …

marginal utility of consumption of nondurable goods and services to the marginal utility of consumption of services from … long-run relationship between components of private consumption and public expenditure is then postulated. The application … of cointegration analysis to U.K. data supports the existence and uniqueness of such a long-run relationship, and …