Cross Country Evidence on Consumption Persistence
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10174/9378 |
Resumo: | 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. |
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Cross Country Evidence on Consumption PersistenceConsumptionPersistenceItalyNorwayUnited KingdomThe 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.2014-01-08T14:42:12Z2014-01-082013-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/9378http://hdl.handle.net/10174/9378engBelbute, 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.International Journal of Latest Trends in Finance and Economic Sciencesjbelbute@uevora.ptcaleiro@uevora.pt255Belbute, JoséCaleiro, Antónioinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:50:57Zoai:dspace.uevora.pt:10174/9378Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:03:19.308174Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Cross Country Evidence on Consumption Persistence |
title |
Cross Country Evidence on Consumption Persistence |
spellingShingle |
Cross Country Evidence on Consumption Persistence Belbute, José Consumption Persistence Italy Norway United Kingdom |
title_short |
Cross Country Evidence on Consumption Persistence |
title_full |
Cross Country Evidence on Consumption Persistence |
title_fullStr |
Cross Country Evidence on Consumption Persistence |
title_full_unstemmed |
Cross Country Evidence on Consumption Persistence |
title_sort |
Cross Country Evidence on Consumption Persistence |
author |
Belbute, José |
author_facet |
Belbute, José Caleiro, António |
author_role |
author |
author2 |
Caleiro, António |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Belbute, José Caleiro, António |
dc.subject.por.fl_str_mv |
Consumption Persistence Italy Norway United Kingdom |
topic |
Consumption Persistence Italy Norway United Kingdom |
description |
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. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013-06-01T00:00:00Z 2014-01-08T14:42:12Z 2014-01-08 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10174/9378 http://hdl.handle.net/10174/9378 |
url |
http://hdl.handle.net/10174/9378 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
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. International Journal of Latest Trends in Finance and Economic Sciences jbelbute@uevora.pt caleiro@uevora.pt 255 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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