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|Title: ||Cross Country Evidence on Consumption Persistence|
|Authors: ||Belbute, José|
|Issue Date: ||Jun-2013|
|Citation: ||Belbute, José Manuel; Caleiro, António Bento (2013), "Cross Country Evidence on Consumption Persistence", International Journal of Latest Trends in Finance and Economic Sciences , 3: 2, June, 440-455.|
|Abstract: ||The main focus of this article is the detection
and measurement of the level of persistence in aggregate
and disaggregate private consumption in Italy, Norway
and the United Kingdom. Using a non-parametric
methodology, we conclude that the presence of a
significant degree of persistence in aggregate and
disaggregate consumption in those three countries
cannot be rejected.
These results are essential from a policy point of view.
Persistence in consumption does exist and cannot be
ignored, whether the goal is to stabilize the level of output
via consumption or to boost output via long-lasting
increases in consumption. One instrument that might be
useful in addressing this issue is interest rates.|
|Appears in Collections:||ECN - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica|
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