Private consumption and cyclical asymmetries in the euro area
Experience after the establishment of EMU shows that the behaviour of private consumers differs considerably among member countries and that average and marginal propensities to consume are fairly heterogeneous. In particular, there are clear differences between Germany and the rest of the euro area...
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| Veröffentlicht in: | Inter economics 2012-05, Vol.47 (3), p.190-196 |
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| creator | Clausen, Volker Schürenberg-Frosch, Hannah |
| description | Experience after the establishment of EMU shows that the behaviour of private consumers differs considerably among member countries and that average and marginal propensities to consume are fairly heterogeneous. In particular, there are clear differences between Germany and the rest of the euro area. These asymmetric consumption functions may be responsible for cyclical divergences within the currency area. The following paper presents an econometric analysis of the available data. |
| doi_str_mv | 10.1007/s10272-012-0420-0 |
| format | Article |
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| subjects | 1999-2010 Aggregates Consumers Consumption Consumption function Econometrics Economic crisis Economic Policy Economic theory Economic Trends Economics Economics and Finance EU-Staaten European Integration European Union Eurozone GDP Germany Gesamtwirtschaftliche Konsumfunktion Gesamtwirtschaftlicher Konsum Gross Domestic Product Investigations Labor Economics Macroeconomics Makroökonomische Konsumfunktion Monetary unions Prices Privater Konsum Social Policy Studies Time series |
| title | Private consumption and cyclical asymmetries in the euro area |
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