aggregate consumption

The supply from waste/recycled resources is expected to increase to over 70% of regional aggregates consumption by 2011.

Consider the view that the link between aggregate consumption and current measured income is a tenuous one.

The temporary transfers created little or no boost to aggregate consumption or thus to jobs.

Later we devote a full chapter to the application of rational expectations to the theory and estimation of the aggregate consumption function.

If every individual in the economy plans his consumption in this manner, then the aggregate consumption function will be quite similar to the individual one.

Aggregate consumption can increase aggregate demand.

There is therefore a different pattern of aggregate consumption with the two methods of finance, and output is permanently reduced by the debt policy.

In macroeconomic theory the 'wealth effect' may refer to the increase in aggregate consumption from an increase in national wealth.

To consider the influence of wealth on aggregate consumption, we should first examine the microeconomic analysis of an individual consumer choosing between present and future consumption.

For example, if there exist types of consumption goods , then aggregate consumption could be defined using the CES aggregator:

Thirdly, we make use of indifference curve analysis to examine the microeconomic foundations of aggregate consumption and we outline the 'permanent income' and 'relative income'hypotheses.

'We either dig up the countryside to meet growing aggregates consumption on roads, buildings and other major civil engineering projects, or take a decisive step towards a more sustainable society'.

More recent theoretical approaches are based on behavioral economics and suggest that a number of behavioural principles can be taken as microeconomic foundations for a behaviourally-based aggregate consumption function.

We urge the Government to go much further through the introduction of Strategic Environmental Assessment techniques to bring aggregates consumption down to levels that are environmentally and socially acceptable.

What Allen utterly failed to address is the fact that regardless of their effects on aggregate consumption and investment, tax hikes are bad--and tax cuts, good--for individual taxpayers.

We are extremely critical of the strategy outlined in draft guidance because it seeks to meet a projected near doubling in aggregates consumption over the 20 year period 1991 to 2011.

The first definition of burden is that of a reduction in aggregate consumption, a definition that underlies the 'Keynesian' view which gained currency in the 1940s and 1950s.

Generally, the monetary union follows policies to keep the overall inflation at such levels so as to keep the overall gap between the actual aggregate consumption and desired consumption close to zero.

The supply side comes from export of primary products by the South, X, and is a positive function of the terms of trade and the South's aggregate consumption of primary products.

To explain the non-proportionality of annual time-series data, such as that in Table 3, Duesenberry suggests that aggregate consumption depends not just on current income, but also on the highest level of income previously attained.

Moreover, during times of recession the precautionary motive for holding wealth is strengthened, causing aggregate savings to rise and aggregate consumption to fall which in turn interprets the implications of shock propagation in the economy.

If, at any time, it is desired to increase aggregate consumption, then the purchasing power should be transferred from the richer classes (with low propensity to consume) to the poorer classes (with a higher propensity to consume).

But if people do keep their borrowing down, contrary to OBR's somewhat fantastic assumptions, which run counter to that current trend, then aggregate consumption will fall and without a massively implausible increase in exports, the economy will contract.

By investing in energy efficient equipment, having an energy audit and implementing better practices in the factory, Taylor's aggregate consumption of natural gas, electricity and water was reduced by 59% at the new Bedford, Ohio manufacturing plant.

The analysis above implies that since macroeconomic risk is unimportant, the premium associated with systematic risk, that is, risk in returns to an asset that is correlated with aggregate consumption should be small (less than 0.5 percentage points for the values of risk aversion considered above).