Novas evidências empíricas sobre a dinâmica trimestral do consumo agregado das famílias brasileiras no período 1995-2009

Arbeitspapier

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.

Object Details

• Language: Portugiesisch

References and Relationships

• Bibliographic citation: Series: Texto para Discussão ; No. 1614

Classification and Topics

• Classification: Wirtschaft ; Macroeconomics: Consumption; Saving; Wealth ; Macroeconomics: Consumption, Saving, Production, Employment, and Investment: Forecasting and Simulation: Models and Applications ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Model Evaluation, Validation, and Selection ; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
• Subject: Verfügbares Einkommen ; Konsum ; Brasilien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Schettini, Bernardo Patta ; dos Santos, Cláudio Hamilton Matos ; Amitrano, Cláudio Roberto ; Squeff, Gabriel Coelho ; Ribeiro, Márcio Bruno ; Gouvêa, Raphael Rocha ; Orair, Rodrigo Octávio ; Martinez, Thiago Sevilhano
• Event: Veröffentlichung
• (who): Instituto de Pesquisa Econômica Aplicada (IPEA)
• (where): Brasília
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/91267
• Last update: 10.03.2025, 11:43 AM CET