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The Response of Consumption to Unanticipated Changes in Income

Tullio Jappelli and Luigi Pistaferri

in The Economics of Consumption: Theory and Evidence

Published in print:
2017
Published Online:
October 2017
ISBN:
9780199383146
eISBN:
9780199383160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199383146.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

In this chapter we examine tests of the hypothesis that consumption will respond to unanticipated income changes and that the response will depend on the persistence of the shock and on the degree of ... More


The Economics of Consumption: Theory and Evidence

Tullio Jappelli and Luigi Pistaferri

Published in print:
2017
Published Online:
October 2017
ISBN:
9780199383146
eISBN:
9780199383160
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199383146.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Consumption decisions are crucial determinants of business cycles and growth. Knowledge of how consumers respond to the economic environment and how they react to the risks that they encounter during ... More


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