The current economic shutdown—potentially followed by an economic downturn—affects government budgets not only through increased spending but also through a decline in taxA tax is a mandatory payment ...

Discussing consumption is never easy. The conversation gets even more complex when you consider the political action (or lack thereof) of the person who is consuming. How do we manage the instinct of ...

Even during a cost of living crisis, with interest rates and inflation high, the average spending per person for Christmas 2023 in the UK is expected to reach as much as £974. Retailers, advertisers ...

Household consumption dynamics examines how families allocate resources over time and across categories in response to changes in income, prices and policy interventions. Central concerns include the ...

Monthly estimates of Personal Consumption Expenditures (PCE) contained in the report on Personal Income and Outlays, published by the Bureau of Economic Analysis (BEA) constitute some of the most ...

Resource Economics Professor Nathan Chan published an article in a top field journal in environmental economics. His article titled, "A Unifying Algebra of Green Consumption Technologies" published in ...