Durables And Nondurables Consumption

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The Durable Use of Consumer Products

Author : Michel Kostecki
Publisher : Springer Science & Business Media
ISBN 13 : 1475728190
Total Pages : 156 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis The Durable Use of Consumer Products by : Michel Kostecki

Download or read book The Durable Use of Consumer Products written by Michel Kostecki and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do we need a new car or a new refrigerator every ten years? What happens to our PC which is exchanged for a new model every three years? Why do our shoes last only a year or so, while those of our great grandfather served for a genera tion? Are businesses deliberately marketing products in a way which encourages sub-optimal use and induces consumers to buy new products? More and more consumers respond ''yes'' objecting to the business practices which reduce the life span of a product or pay no attention to efficiency in con sumption. The growing concem with sub-optimal use of consumer durables arises as a response to the volume of waste, as wen as to the growing conviction that over-consumption is encouraged by marketing techniques and approaches that favor lesser durability and sub-optimal use. There are signs that those things will have to change. Firstly, client orientation - a condition sine qua non of marketing success in the saturated markets of rich countries - is gaining popularity. Consumers are better informed and more influential and "intelligent consumption" is on the rise. Buyers are becoming more and more hostile towards marketing manipulation, inducing them to consume faster, more and at higher prices. The public increas ingly resists messages in advertisements (preventive resistance) which are pre dominantly persuasive (rather than educational or informative) and conceived to stimulate demand for the "new", the superficial and the fashionable.

Hard-to-Measure Goods and Services

Author : Ernst R. Berndt
Publisher : University of Chicago Press
ISBN 13 : 0226044505
Total Pages : 621 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Hard-to-Measure Goods and Services by : Ernst R. Berndt

Download or read book Hard-to-Measure Goods and Services written by Ernst R. Berndt and published by University of Chicago Press. This book was released on 2009-02-15 with total page 621 pages. Available in PDF, EPUB and Kindle. Book excerpt: The celebrated economist Zvi Griliches’s entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality. Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches’s honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in “hard-to-measure” sectors of the economy. Furthering Griliches’s vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output.

Longer Lasting Products

Author : Tim Cooper
Publisher : CRC Press
ISBN 13 : 131710353X
Total Pages : 471 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Longer Lasting Products by : Tim Cooper

Download or read book Longer Lasting Products written by Tim Cooper and published by CRC Press. This book was released on 2016-05-06 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present economic system requires us to consume and throw away more and more goods. Yet often it's our desire, and the best interests of the environment, for these goods to last. The contributors to this book, who comprise many of the most significant international thinkers in the field, explore how longer lasting products could offer enhanced value while reducing environmental impacts. If we created fewer but better quality products, looked after them carefully and invested more in repair, renovation and upgrading, would this direct our economy onto a more sustainable course? The solution sounds simple, yet it requires a seismic shift in how we think, whether as producers or consumers, and our voracious appetite for novelty. The complex range of issues associated with product life-spans demands a multidisciplinary approach. The book covers historical context, design, engineering, marketing, law, government policy, consumer behaviour and systems of provision. It addresses the whole range of consumer durables - vehicles, kitchen appliances, audio-visual equipment and other domestic products, furniture and floor coverings, hardware, garden tools, clothing, household textiles, recreational goods and DIY goods - as well as the re-use of packaging. Longer Lasting Products provides policy makers, those involved in product design, manufacturing and marketing, and all of us as consumers, with clear and compelling guidance as to how we can move away from a throwaway culture towards an economy sustained by more durable goods.

Improving the Measurement of Consumer Expenditures

Author : Christopher D. Carroll
Publisher : University of Chicago Press
ISBN 13 : 022612665X
Total Pages : 517 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Improving the Measurement of Consumer Expenditures by : Christopher D. Carroll

Download or read book Improving the Measurement of Consumer Expenditures written by Christopher D. Carroll and published by University of Chicago Press. This book was released on 2015-06-16 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robust and reliable measures of consumer expenditures are essential for analyzing aggregate economic activity and for measuring differences in household circumstances. Many countries, including the United States, are embarking on ambitious projects to redesign surveys of consumer expenditures, with the goal of better capturing economic heterogeneity. This is an appropriate time to examine the way consumer expenditures are currently measured, and the challenges and opportunities that alternative approaches might present. Improving the Measurement of Consumer Expenditures begins with a comprehensive review of current methodologies for collecting consumer expenditure data. Subsequent chapters highlight the range of different objectives that expenditure surveys may satisfy, compare the data available from consumer expenditure surveys with that available from other sources, and describe how the United States’s current survey practices compare with those in other nations.

Consumption of Durables, Non-durables and Services in New Zealand

Author : Alfred Y-T. Wong
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Consumption of Durables, Non-durables and Services in New Zealand by : Alfred Y-T. Wong

Download or read book Consumption of Durables, Non-durables and Services in New Zealand written by Alfred Y-T. Wong and published by . This book was released on 1990 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Consumption

Author : Tullio Jappelli
Publisher : Oxford University Press
ISBN 13 : 0199383154
Total Pages : 313 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Economics of Consumption by : Tullio Jappelli

Download or read book The Economics of Consumption written by Tullio Jappelli and published by Oxford University Press. This book was released on 2017 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Economics of Consumption, Tullio Jappelli and Luigi Pistaferri provide a comprehensive examination of the most important developments in the field of consumption decisions and evaluate economic models against empirical evidence.

Optimal Monetary Policy with Durable and Non-durable Goods

Author : Christopher J. Erceg
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Optimal Monetary Policy with Durable and Non-durable Goods by : Christopher J. Erceg

Download or read book Optimal Monetary Policy with Durable and Non-durable Goods written by Christopher J. Erceg and published by . This book was released on 2002 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economics

Author : Arthur O'Sullivan
Publisher : Pearson Prentice Hall
ISBN 13 : 9780130679475
Total Pages : pages
Book Rating : 4.6/5 (794 download)

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Book Synopsis Economics by : Arthur O'Sullivan

Download or read book Economics written by Arthur O'Sullivan and published by Pearson Prentice Hall. This book was released on 2002-05 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics: Principles in Action is a multi-dimensional, comprehensive high school economics program designed to help students of all abilities achieve a fundamental understanding of key economic principles and their application in the real world. Twenty key economic concepts - developed by The National Council on Economic Education and outlined in the Voluntary National Content Standards in Economics - are introduced and reinforced throughout the program. At the heart of Economics: Principles in Action is demonstrating the relevance of economics to students' lives. From case studies and videos to interactive CD-ROMs, the program clarifies key economic principles and help students understand the connections between those principles and everyday life.

Wealth, Disposable Income and Consumption

Author : R. Tiff Macklem
Publisher :
ISBN 13 : 9780662225034
Total Pages : 67 pages
Book Rating : 4.2/5 (25 download)

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Book Synopsis Wealth, Disposable Income and Consumption by : R. Tiff Macklem

Download or read book Wealth, Disposable Income and Consumption written by R. Tiff Macklem and published by . This book was released on 1994 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report develops a measure of aggregate private sector wealth in Canada that includes financial, physical, and human wealth, and examines the ability of this wealth measure to explain aggregate consumption. The relationship between consumption and wealth is explored both to gauge the usefulness of the wealth measures developed and to improve upon empirical consumption models for Canada. The study augments the standard EC consumption model with a comprehensive measure of wealth, thus partly bridging the gap between life cycle-permanent income consumption equations and the more empirically motivated EC consumption models based on disposable income.

Guidelines for Constructing Consumption Aggregates for Welfare Analysis

Author : Angus Deaton
Publisher : World Bank Publications
ISBN 13 : 9780821349908
Total Pages : 128 pages
Book Rating : 4.3/5 (499 download)

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Book Synopsis Guidelines for Constructing Consumption Aggregates for Welfare Analysis by : Angus Deaton

Download or read book Guidelines for Constructing Consumption Aggregates for Welfare Analysis written by Angus Deaton and published by World Bank Publications. This book was released on 2002-01-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: In September 2001, staff from the World Bank and the International Monetary Fund met with the objective of strengthening collaboration between the two organizations in projects of civil service reform. This strengthened collaboration will have key benefits in ensuring consistency between the conflicting goals of the two organizations, establishing realistic objectives within the reform process, and maintaining a core set of wage and employment data. The principal conclusion arrived at was that World Bank and IMF staff should be engaging in collaboration earlier in the reform process. To guide the collaboration, six foundations were identified. These include: develop a medium-term fiscal framework; foster national ownership by making reforms politically feasible; focus and streamline conditionality; agree on sequencing and timing of reforms; and strengthen data collection. These principals will be tested for effectiveness in several focus countries.

Economics

Author :
Publisher : Pearson Education India
ISBN 13 : 9788177582079
Total Pages : 772 pages
Book Rating : 4.5/5 (82 download)

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Book Synopsis Economics by :

Download or read book Economics written by and published by Pearson Education India. This book was released on with total page 772 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating VAT Pass Through

Author : Ms.Dora Benedek
Publisher : International Monetary Fund
ISBN 13 : 1513586351
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Estimating VAT Pass Through by : Ms.Dora Benedek

Download or read book Estimating VAT Pass Through written by Ms.Dora Benedek and published by International Monetary Fund. This book was released on 2015-09-30 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the pass through of VAT changes to consumer prices, using a unique dataset providing disaggregated, monthly data on prices and VAT rates for 17 Eurozone countries over 1999-2013. Pass through is much less than full on average, and differs markedly across types of VAT change. For changes in the standard rate, for instance, final pass through is about 100 percent; for reduced rates it is significantly less, at around 30 percent; and for reclassifications it is essentially zero. We also find: differing dynamics of pass through for durables and non-durables; no significant difference in pass through between rate increases and decreases; signs of non-monotonicity in the relationship between pass through and the breadth of the consumption base affected; and indications of significant anticipation effects together with some evidence of lagged effects in the two years around reform. The results are robust against endogeneity and attenuation bias.

Theory of Macroeconomic Policy

Author : Christopher Tsoukis
Publisher : Oxford University Press, USA
ISBN 13 : 0198825374
Total Pages : 735 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Theory of Macroeconomic Policy by : Christopher Tsoukis

Download or read book Theory of Macroeconomic Policy written by Christopher Tsoukis and published by Oxford University Press, USA. This book was released on 2020 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory of Macroeconomic Policy offers a panoramic view of macroeconomic theory as a foundation for understanding macroeconomic, fiscal and monetary, policy.

Estimating VAT Pass Through

Author : Ms.Dora Benedek
Publisher : International Monetary Fund
ISBN 13 : 1513567268
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Estimating VAT Pass Through by : Ms.Dora Benedek

Consumer Durables and Inertial Behavior

Author : Orazio P. Attanasio
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Consumer Durables and Inertial Behavior by : Orazio P. Attanasio

Download or read book Consumer Durables and Inertial Behavior written by Orazio P. Attanasio and published by . This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an (S, s) model for automobile consumption and estimates it using a data set of US households. The model allows for unobserved heterogeneity in both the target level and the band width, takes into account the possibility of a zero desired level, constrains the band to be non negative and allows asymmetric bands. The model is estimated on a novel data set which contains information on both stock values and automobile expenditure for a large number of households observed over a period of a year. The (S, s) rule is specified in terms of the ratio of car stock to non durables. The shortcuts usually employed in the empirical literature on (S, s) rules can be avoided thanks to the richness of the data set and the rigorous specification of the stochastic model. Having estimated the model and considered `goodness of fit' measures, aggregation issues are considered. First, the paper presents a number of negative results. Then, several simulations aimed at evaluating the effects induced by inertial behavior on aggregate dynamics are considered.

Monetary Policy and the Relative Price of Durable Goods

Author : Alessandro Cantelmo
Publisher : International Monetary Fund
ISBN 13 : 1484336429
Total Pages : 81 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Monetary Policy and the Relative Price of Durable Goods by : Alessandro Cantelmo

Download or read book Monetary Policy and the Relative Price of Durable Goods written by Alessandro Cantelmo and published by International Monetary Fund. This book was released on 2017-12-22 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a SVAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio between new-house and nondurables prices. These findings are rationalized via the estimation of a two-sector New-Keynesian (NK) models. Durables prices are estimated to be as sticky as nondurables, leading to a flat relative price response to a monetary shock. Conversely, house prices are estimated to be almost flexible. Such results survive several robustness checks and a three-sector extension of the NK model. These findings have implications for building two-sector NK models with durable and nondurable goods, and for the conduct of monetary policy.

Asset Prices and Monetary Policy

Author : John Y. Campbell
Publisher : University of Chicago Press
ISBN 13 : 0226092127
Total Pages : 444 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Asset Prices and Monetary Policy by : John Y. Campbell

Download or read book Asset Prices and Monetary Policy written by John Y. Campbell and published by University of Chicago Press. This book was released on 2008-11-15 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.