Business cycle fluctuations and excess sensitivity of private consumption
By: Gert Peersman   and  Lorenzo Pozzi.
Contributors: Pozzi, Lorenzo.; Bank of England.
Series: Working paper -- no. 335; Working paper (Bank of England : Online) -- no. 335.
Publisher: Bank of England
Published: 2007
Place of publication: London
Language: eng
Description: "We investigate whether business cycle  uctuations affect the degree of excess sensitivity of private  consumption growth to disposable income growth. Using multivariate state space methods and  quarterly US data for the period 1965-2000 we  nd that excess sensitivity is signi cantly higher  during recessions."--Bank of England web site.
Notes: Title from PDF file as viewed on Feb. 4, 2008.

Includes bibliographical references.

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