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Credit and Habit Modification in the USA: 1959-1997

Messinis, G. - Department of Economics, Faculty of Business and Economics - 1999

Since Brown (1952), habit formation models of consumption have assumed that memory loss is a univariate process. This … paper dispenses with this assumption to consider habit modification in consumption. A model is proposed where household … evidence presented shows that both household and consumer credit cointegrate with consumption expenditure and disposable income …

Persistent link: https://www.econbiz.de/10005574865

Alcohol Consumption, Smoking and Wages.

Hirschberg, J.; Lye, J.N. - Department of Economics, Faculty of Business and Economics - 2000

smoking with alcohol consumption separate models are fit for smokers and nonsmokers. These models account for potential … earnings and alcohol consumption. …

Persistent link: https://www.econbiz.de/10005587727

Inflation, Unemployment and the Nairu in Australia.

Crosby, M.; Olekalns, N. - Department of Economics, Faculty of Business and Economics - 1997

In this paper we investigate the relationship between inflation and unemployment in Australia, post 1959. We focus on two features of the data: firstly, we find that forecasting models are surprisingly stable through our sample period. We also estimate the nonaccelerating inflation rate of...

Persistent link: https://www.econbiz.de/10005587636

The Socially Optimal Level of Saving in Australia, 1960-61 to 1994-95.

Guests, R.S.; McDonald, I.M. - Department of Economics, Faculty of Business and Economics - 1996

In this paper a model is developed which determines the socially optimal level of saving for a small open economy. The model also determines the socially optimal disposition of saving between domestic capital accumulation and overseas asset accumulation.

Persistent link: https://www.econbiz.de/10005587782

The Effect of Recessions on the Relationship between Output Variability and Growth.

Henry, O.T.; Olekalns, N. - Department of Economics, Faculty of Business and Economics - 2000

This paper investigates the relationship between output volatility and growth using post-war real GDP data for the United States. We expand on recent research by Beaudry and Koop (1993) documenting the asymmetric effect of recessions on output growth. The results presented in this paper suggest...

Persistent link: https://www.econbiz.de/10005587807

The Built-In Flexibility of Taxation: Some Basic Analytics

Creedy, J.; Gemmell, N. - Department of Economics, Faculty of Business and Economics - 1998

This paper provides a unified framework in which to examine income and consumption tax revenue elasticities. In … addition, new results are established in relation to consumption taxes. These results help to provide a better understanding of …

Persistent link: https://www.econbiz.de/10005750783

The Revenue Responsiveness of Income and Consumption Taxes in the UK.

Creedy, J.; Gemmell, N. - Department of Economics, Faculty of Business and Economics - 2001

This paper provides new estimates of the revenue elasticity of income taxes in the UK over the period 1989-2000. Observed changes in these elasticities are decomposed into changes due to inflation, real income growth, changes in fiscal structure, and changes in the dispersion of incomes in the...

Persistent link: https://www.econbiz.de/10005750816

Rational Habit Modification in Consumption: the Role of Durables and Credit.

Messinis, G. - Department of Economics, Faculty of Business and Economics - 1999

Since Brown (1952), standard habit formation models of consumption have exclusively focused on non-durables and …

Persistent link: https://www.econbiz.de/10005750840

Simulating Optimal Consumption Paths in a Small Open Economy with Uzawa Preferences

Guest, R.G.; McDonald, I.M. - Department of Economics, Faculty of Business and Economics - 1998

optimal consumption response for a small open economy to permanent and temporary shocks to the world rate of interest. Uzawa …

Persistent link: https://www.econbiz.de/10005750842

Energy Futures Market Trading Versus Physical Commodity Usage: A playground for manipulation or a miscalculation?

Ripple, Ronald - Department of Economics, Faculty of Business and Economics - 2006

The relationship between energy futures trading volume and physical commodity usage is evaluated with the aim of demonstrating the correct method of calculation. This relationship has been incorrectly calculated and the misleading results have been offered up as evidence of excessive speculator...

Persistent link: https://www.econbiz.de/10005125117