its consumption expands faster than its GDP and so the global implications are qualitatively different. Moreover, higher … recession are here quantified using a global macro model with national portfolio rebalancing. The transition to consumption …

provides a deeper understanding of the link between asset prices and consumption. It shows that this approach gives only a … partial explanation for recent trends in US consumption. Comparing wealth effects in Anglo Saxon countries with continental … consumption. …

provides a deeper understanding of the link between asset prices and consumption. It shows that this approach gives only a … partial explanation for recent trends in US consumption. Comparing wealth effects in Anglo Saxon countries with continental … consumption …

provides a deeper understanding of the link between asset prices and consumption. It shows that this approach gives only a … partial explanation for recent trends in US consumption. Comparing wealth effects in Anglo Saxon countries with continental … consumption. …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …

changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and … income for different education groups and to estimate the level of consumption smoothing. We split households into three … educated engage in more consumption smoothing than those without a university degree. We also construct a measure for marginal …