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IMF Working Papers
After the Crisis : Lower Consumption Growth But Narrower Global Imbalances?
2010
INTERNATIONAL MONETARY FUND

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 uncertainty will significantly dampen consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differ...

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IMF Working Papers
After the Crisis : Lower Consumption Growth But Narrower Global Imbalances?
2010
INTERNATIONAL MONETARY FUND

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 uncertainty will significantly dampen consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differ...

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1
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IMF Working Papers
After the Crisis : Lower Consumption Growth But Narrower Global Imbalances?
2010
INTERNATIONAL MONETARY FUND

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 uncertainty will significantly dampen consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differ...

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