alternative approaches might present. Improving the Measurement of Consumer Expenditures begins with a comprehensive review of … projects to redesign surveys of consumer expenditures, with the goal of better capturing economic heterogeneity. This is an …Robust and reliable measures of consumer expenditures are essential for analyzing aggregate economic activity and for …

‘buffer stock’ model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the … uncertainty. An estimated structural version of the model suggests that increased credit availability accounts for most of the … saving rate’s long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …