The Time-Varying Volatility of Earnings and Aggregate Consumption Growth

2015 ◽  
Vol 47 (4) ◽  
pp. 551-580 ◽  
Author(s):  
LORENZO POZZI
Keyword(s):  
Time Varying ◽  
Consumption Growth ◽  
Aggregate Consumption

Student Loan Debt and Aggregate Consumption Growth

FEDS Notes ◽  
2018 ◽  
Vol 2018 (2127) ◽  
Author(s):  
Laura Feiveson ◽  
◽  
Alvaro Mezza ◽  
Kamila Sommer ◽  
◽  
...  
Keyword(s):  
Student Loan ◽  
Student Loan Debt ◽  
Consumption Growth ◽  
Aggregate Consumption ◽  
Loan Debt

On the Stability of the Excess Sensitivity of Aggregate Consumption Growth in the USA

2016 ◽  
Vol 32 (4) ◽  
pp. 819-840 ◽  
Author(s):  
Gerdie Everaert ◽  
Lorenzo Pozzi ◽  
Ruben Schoonackers
Keyword(s):  
Consumption Growth ◽  
Aggregate Consumption ◽  
The Usa ◽  
The Stability ◽  
Excess Sensitivity

NONLINEARITY, CYCLICITY, AND PERSISTENCE IN CONSUMPTION AND INCOME RELATIONSHIPS: RESEARCH IN HONOR OF MELVIN J. HINICH

2012 ◽  
Vol 16 (S3) ◽  
pp. 376-393 ◽  
Author(s):  
Fredj Jawadi ◽  
Patrick Leoni
Keyword(s):  
United States ◽  
The United States ◽  
Income Growth ◽  
Nonlinear Relationship ◽  
Consumption Growth ◽  
Neoclassical Growth Model ◽  
Aggregate Consumption ◽  
The Relationship ◽  
Robust Evidence ◽  
Neoclassical Growth

This paper is dedicated to the memory of the great statistician Melvin J. Hinich, with whom we were in contact about this research prior to his untimely death from a tragic fall. We develop a neoclassical growth model with habit formation to exhibit an equilibrium nonlinear relationship between aggregate consumption growth and income growth. We first provide empirical evidence consistent with this relationship both for the United States and France, and we reject the hypothesis of a random walk for consumption. We then estimate this nonlinear relationship. We find for both countries robust evidence of persistence, nonlinearity, and cyclicity in the relationship between consumption and income.

scholarly journals Extreme Inflation and Time-Varying Consumption Growth

2019 ◽  
Author(s):  
Ilya Dergunov ◽  
Christoph Meinerding ◽  
Christian Schlag
Keyword(s):  
Time Varying ◽  
Consumption Growth
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