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After the Crisis
			: Lower Consumption Growth But Narrower Global Imbalances?

After the Crisis : Lower Consumption Growth But Narrower Global Imbalances? »

Volume/Issue: 2010/11

Series: IMF Working Papers

Author(s): Franziska Ohnsorge , and Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

DOI: http://dx.doi.org/10.5089/9781451961966.001

ISBN: 9781451961966

Keywords: current account adjustment, consumption growth, disposable income, household wealth, income growth, private consumption,

We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary behavior in the face of uncertainty. We find that in the short run, continued income uncertaint...