Series: IMF Working Papers
Author(s): Franziska Ohnsorge , and Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2010
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...