Why Has Consumption Been So Volatile in the New Millennium?
| Autor: | Daniel Kolliner, Yuliya Demyanyk, Maria Jose Luengo-Prado, Bent E. Sørensen, Dmytro Hryshko |
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| Rok vydání: | 2015 |
| Předmět: | |
| Zdroj: | Economic Commentary (Federal Reserve Bank of Cleveland). :1-6 |
| ISSN: | 2163-3738 0428-1276 |
| DOI: | 10.26509/frbc-ec-201509 |
| Popis: | US consumption has gone through steep ups and downs since the turn of the millennium, but the causes of these fluctuations are still imperfectly identified. We describe research that quantifies the relative impact of nine significant determinants of consumption growth. The explanatory power of these factors varies by period, implying that successful modelling of this decade poses many challenges. |
| Databáze: | OpenAIRE |
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