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Keywords:Consumption (Economics) 

Journal Article
Rising price of energy

FRBSF Economic Letter

Working Paper
Learning in a large square economy

Learning is introduced into a sequence of large square endowment economies indexed by n, in which agents live n periods. Young agents need to forecast n - 1 periods ahead in these models in order to make consumption decisions, and thus these models constitute multi-step ahead systems. Real time learning is introduced via least squares. The systems studied in this paper are sometimes locally convergent when n = 2,3 but are never locally convergent when . Because the economies studied are analogous, nonconvergence can be attributed solely to the multi-step ahead nature of the forecast problem ...
Working Papers , Paper 1994-013

Working Paper
Crowding out and the wealth role of government debt

Working Papers in Applied Economic Theory , Paper 85-02

Working Paper
Reconciling consumption inequality with income inequality

The rise in within-group consumption inequality in response to the increase in within-group income inequality over the last three decades in the U.S. is puzzling to expected-utility-based incomplete market models. The two-sided lack of commitment models exhibit too little consumption inequality while the standard incomplete markets models tend to predict too much consumption inequality. We show that a model with two-sided lack of commitment and chance attitudes, as emphasized by prospect theory, can explain the relationship and can avoid the systematic bias of the expected utility models. The ...
Working Papers , Paper 705

Journal Article
Liquidity constraints on consumption: the real effects of \"real\" lending policies

Economic Review , Issue Fall , Pages 39-52

Journal Article
Consumer sentiment: its causes and effects

This paper finds that consumer attitudes, as reflected in surveys of consumer sentiment, have a significant influence on household purchases of durable goods. Normally, consumer sentiment moves with current economic conditions and bears a stable relationship to a few economic variables. At times of a major economic or political event like the Gulf War, however, consumer sentiment can move independently from current economic conditions. At such times it provides useful information about future consumer expenditures that is not otherwise available.
Economic Review

Journal Article
Household spending and saving: measurement, trends, and analysis

Federal Reserve Bulletin , Issue Jan

Journal Article
Consumption, savings, and the meaning of the wealth effect in general equilibrium

Economic Quarterly , Issue Sum , Pages 53-71

Journal Article
Consumer incomes and expenditures in wartime

Federal Reserve Bulletin , Issue Apr , Pages 305-310

Journal Article
Measuring consumption: the post-1973 slowdown and the research issues - commentary

Review , Issue May , Pages 43-46

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Consumption (Economics) 295 items

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