Why Has Consumption Been So Volatile in the New Millennium?

Yuliya Demyanyk, Dmytro Hryshko (), Daniel Kolliner () and Bent Sorensen

Economic Commentary, 2015, issue July

Abstract: U.S. 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

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:00038

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