Why Is Consumption Less Volatile Than Income?

Why Is Consumption Less Volatile Than Income?

Why Has Output Become Less Volatile?

has become noticeably less volatile. During that time, the economy has experienced two recessions, compared with four in each of the two preceding twenty year periods. Further, the loss in output during the last two recessions has been smaller than what prior experience would lead one to expect. Moreover, the reduction in output volatility is not confined to business cycle frequencies.This can ...

Why is Retreatment less Successful than Conventional Root Canal Therapy?

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China's economic fluctuations and consumption smoothing: Is consumption more volatile than output in China?

Article history: Received 7 December 2010 Received in revised form 31 August 2011 Accepted 15 April 2012 Available online 21 April 2012 This paper provides a fundamental study of China's consumption and output fluctuations. The most recent literature reports that, in the post-1978 period, detrended consumption is significantly more volatile than detrended output in China. This indicates the ina...

Why income comparison is rational