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Defence date: 26 March 2007 ; Examining board: Prof. Giancarlo Corsetti, EUI, Supervisor ; Prof. Morten Ravn, EUI ; Dr. Jeffrey Campbell, Federal Reserve Bank of Chicago ; Prof. Roel Beetsma, University of Amsterdam ; There is little doubt that fiscal policy plays an important role in business cycle fluctuations; however, the ability of fiscal policy measure to work as a countercyclical stimulus has recently been questioned (see Taylor, 2000), in light of the efficiency and transparency of monetary policy interventions. Far from postulating a definitive answer to the debate, the objective of this dissertation is to contribute to a better understanding of the transmission mechanism of fiscal policy shocks, through their interaction with the consumption behaviour of private agents. The fundamental contribution of this thesis is the introduction of different forms of households' heterogeneity in the analysis of the effects of government expenditure shocks and tax cuts.

1. A limited market -- 2. The failure of consumption -- 3. The balance of spending and saving -- 4. The psychology of trade fluctuations -- 5. Surplus income the cause of fluctuations -- 6. Wage reduction as remedy for depression -- 7. Credit as a factor in fluctuations -- 8. The Douglas theory -- 9. Replies to criticism -- 10. A summary.

This e-book of Society and Business Review, composed of five papers, combines empirically grounded studies as well as more theoretically-oriented discussions, with the specific intent of addressing ethical stakes, managerial problems and profound contradictions involved with promoting child and teen consumption in Western societies. Each article sheds light on the complexities of marketing to children by successively exploring the contradictions within the individual, managerial, professional, corporate, and institutional levels. Together, they offer a comprehensive picture of the operational

This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1950-1998) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 46 countries and 9 commodity groups are tabulated. The reliability of these elasticity estimates, and also the demand theory hypotheses, are investigated using simulation techniques. Contents: An Overview of International Consumption Patterns (E A Selvanathan & S Selvanathan); Consumer Demand Models (E A Selvanathan & S Selvanathan); Data Analysis: OECD Countries (E A Selvanathan & S Selvanathan); Data Analysis: Less Developed Countries (E A Selvanathan & S Selvanathan); A Comparison of Consumption Patterns in the OECD and LD Countries (E A Selvanathan & S Selvanathan); Stochastic Price and Quantity Index Numbers (E A Selvanathan & S Selvanathan); Testing Demand Theory Hypotheses: OECD and LD Countries (E A Selvanathan & S Selvanathan); A Comparison of Alternative Demand Systems (E A Selvanathan & S Selvanathan); The Structure of Preferences: OECD and LD Countries (E A Selvanathan & S Selvanathan). Readership: Economists.

Consumption studies has grown tremendously in the past decade. Researchers in sociology, geography, anthropology, history, marketing, management, organization and even art history have embraced consumption as a key institution of our era, and are eager for ideas and insights. Conversations on Consumption makes an important contribution to the growing field of consumption studies by offering readers a lively introduction to debates and dialogues that have shaped the field, in the form of engaging interviews and personal reflections from leading theorists and researchers. The interviews in this collection were first published in the interdisciplinary journal Consumption Markets and Culture and together form an accessible summary of the leading ideas and key developments in consumption studies and social theory over the past two decades. With innovative contributions from marketing academics, historians, consumer researchers, sociologists, anthropologists and artists, the pieces highlight the interdisciplinary nature of consumption, as well as the wide-ranging interest in consumption studies. They are united in their approach to understand consumption, far removed from economic or managerial analysis, by focusing more on the role it plays in culture

This book sheds light on the consumption of spiritual products, services, experiences, and places through state-of-the-art studies by leading and emerging scholars in interpretive consumer research, marketing, sociology, anthropology, cultural, and religious studies. The collection brings together fresh views and scholarship on a cultural tension that is at the centre of the lives of countless individuals living in postmodern societies: the relationship between the material and the spiritual, the sacred and the profane. The book examines how a variety of agents - religious ins.