Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91267
Year of Publication: 
2011
Series/Report no.: 
Texto para Discussão No. 1614
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
This paper presents new econometric specifications for the quarterly behavior of the aggregate consumption of Brazilian households in the 1995-2009 period. It is argued, in particular, that the use of quarterly measures of both private disposable income (in chained 1995 prices) and the credit extended to households (as a % of GDP) as explanatory variables leads to well adjusted models within the sample with good out of sample performance - for the level of precision of our quarterly estimates four quarters out of sample is close to 99%. Moreover, the models presented in this paper point to values of the (approximated) private income elasticity close to 0.4 and credit and interest (semi) elasticities of household consumption close to 2% and -2%, respectively.
JEL: 
E21
E27
C22
C52
C82
Document Type: 
Working Paper

Files in This Item:
File
Size
512.01 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.