Econ 302: Spring 2007 - Consumption Behavior

Blanchard, chapter 3 (pp. 46–47); chapter 16 (pp. 336–342); chapter 14 (pp. 292–300).

"The Economics of Saving: The Shift Away From Thrift," The Economist, April 7, 2005. [PDF version]
"Shifting sands," The Economist, January 4, 2007. [PDF version]
Sierminska, Eva and Yelena Takhtamanova. "Disentangling the Wealth Effect: Some International Evidence," Federal Reserve Bank of San Francisco Economic Letter #2007-02, January 19, 2007.

"Mind games," The Economist, January 13, 2005. [PDF version]
Gross, Daniel. "Is It a Savings Crisis or a Math Error?" New York Times, May 22, 2005.
Bernasek, Anna. "The Rich Spend Just Like You and Me" New York Times, August 6, 2006.
Porter, Eduardo. "A Fable, Adapted From Aesop," New York Times, September 17, 2006.

Campbell, John Y. and N. Gregory Mankiw, "Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence," NBER Working Paper No. 2924, May 1990.
Ludvigson, Sydney and Charles Steindel. "How Important Is the Stock Market Effect on Consumption?" Economic Policy Review, Federal Reserve Bank of New York, vol. 5, no. 2 (July 1999), pp. 29–51.
Browning, Martin and Thomas F. Crossley. "The Life-Cycle Model of Consumption and Saving," Journal of Economic Perspectives, vol. 15, no. 3 (Summer 2001), pp. 3–22.
Aguiar, Mark and Erik Hurst, "Consumption versus Expenditure," Journal of Political Economy, v. 113, n. 5 (October 2005), pp. 919–948.
Frank, Robert H. "The Mysterious Disappearance of James Duesenberry," New York Times, June 9, 2005.

Economics 302: Macroeconomic Analysis