We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …

of Muslim consumption behaviour. Design/methodology/approach The model incorporates some of the Islamic institutions like … integrates the assumption that consumption opportunity set will axiomatically filter out the prohibited consumption goods from … the consumption set in both contemporaneous and inter-temporal consumption. Findings Zakat ensures contemporaneous …

, pressures that have been exacerbated by rising income and wealth inequality. The progressive consumption tax is one possible …

establish the dependency of private investment on private savings and private consumption is the main driver of the saving … higher private consumption could be detrimental to growth and external stability. In contrast, an investment strategy that … account appears to be driven by private consumption that determines fluctuations in imports in many developing countries. In …

The Economic Council’s Road Map for Tax Reform laid the groundwork for a greater discussion of the consumption tax … and against a consumption tax. He argues that the tax treatment of savings is likely to become a more central policy focus … on consumption taxes: a sharp increase in sales tax revenues (sales and excise) to reduce reliance on income taxes; a …

Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in … Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … consumption models in the literature for their empirical verification taking macro level data for Pakistan economy. These include …

I consider a consumption based asset pricing model where the consumer does not know if shocks to dividends are … the PE ratio and future returns. Consistent with the data, I also find that consumption growth negatively correlates with … future returns and the PE ratio and consumption growth forecast future consumption growth. The model amplifies return …

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. …