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A dynamic consumption function, where consumption in the long run is determined by households’ disposable income and … wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over several … deregulation and the current international financial crisis. In the current version, long run consumption is homogeneous in income …
Persistent link: https://www.econbiz.de/10008509743
Persistent link: https://www.econbiz.de/10010188643
A dynamic consumption function, where consumption in the long run is determined by households' disposable income and … wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over several … deregulation and the current international financial crisis. In the current version, long run consumption is homogeneous in income …
Persistent link: https://www.econbiz.de/10011968386
This article tracks the history of sectoral saving and borrowing in the US economy over the past 50 years. We show that the financial imbalances that erupted in the financial crisis of 2008 were long in the making and preceded the emergence of global imbalances in the 2000s. These new dynamics...
Persistent link: https://www.econbiz.de/10010466912
modelling framework for analysing the household flow of funds jointly with consumption.  The consumption function incorporates … consumption and housing purchase decisions jointly with portfolio decisions, there is much to be gained in modelling a household …
Persistent link: https://www.econbiz.de/10011004428
Persistent link: https://www.econbiz.de/10013162720
-durable) consumption of 5-9 (3.5-6) cents. There is evidence of effects for food spending. Responses of total and non-durable spending to … (relative to other factors) for consumption falls in 2008/09. Thus wealth effects on consumption can be important for households …
Persistent link: https://www.econbiz.de/10009779253
annual total (non -durable) consumption of 8.5 ] 9 (5.5 -5.7) cents. There is evidence of effects on food spending. Responses … other factors) for consumption falls in Italy in 2007/08. …
Persistent link: https://www.econbiz.de/10011674495
Persistent link: https://www.econbiz.de/10011977129
Persistent link: https://www.econbiz.de/10012817890