Crisis and Consumption Smoothing

References

• Acemoglu D., Johnson S., Robinson J. A., Thaicharoen Y. Institutional causes, macroeconomic symptoms: Volatility, crises and growth. J. Monetary Econom. (2003) 50(1):49–123Crossref, Google Scholar
• Arellano M., Bond S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Rev. Econom. Stud. (1991) 58(2):277–297Crossref, Google Scholar
• Bae K. Biomedicine, overseas markets hold the key. (2009) . Report, Korea Equity Research, Goodmorning Shinshan Securities, SeoulGoogle Scholar
• Bordo M., Eichengreen B., Klingebiel D., Martinez-Peria M. Is the crisis problem growing more severe? Econom. Policy (2001) 16(32):51–82Crossref, Google Scholar
• Bradlow E. T. Marketing science and the financial crisis. Marketing Sci. (2009) 28(2):201Link, Google Scholar
• Browning M., Collado M. D. The response of expenditures to anticipated income changes: Panel data estimates. Amer. Econom. Rev. (2001) 91(3):681–692Crossref, Google Scholar
• Browning M., Crossley T. F. Shocks, stocks and socks: Smoothing consumption over a temporary income loss. J. Eur. Econom. Assoc. (2009) 7(6):1169–1192Crossref, Google Scholar
• Campbell J. Y., Mankiw N. G. Permanent income, current income, and consumption. J. Bus. Econom. Statist. (1990) 8(3):265–279Google Scholar
• Davidson J. E. H., Hendry D. F., Srba F., Yeo S. Econometric modelling of the aggregate time-series relationship between consumers' expenditure and income in the United Kingdom. Econom. J. (1978) 88(352):661–692Google Scholar
• Deaton A. S., Muellbauer J. An almost ideal demand system. Amer. Econom. Rev. (1980) 70(3):312–326Google Scholar
• Deleersnyder B., Dekimpe M. G., Sarvary M., Parker P. M. Weathering tight economic times: The sales evolution of consumer durables over the business cycle. Quant. Marketing Econom. (2004) 2(4):347–383Crossref, Google Scholar
• Dutt P., Mobarak A. Democracy and policy stability. (2007) . Working Paper 2007/50/EPS, INSEAD, SingaporeCrossref, Google Scholar
• Eales J. S., Unnevehr L. J. Demand for beef and chicken products: Separability and structural change. Amer. J. Agricultural Econom. (1988) 70(3):521–532Crossref, Google Scholar
• Eichengreen B., Rose A., Wyplosz C. Contagious currency crises: First tests. Scand. J. Econom. (1996) 98(4):463–484Crossref, Google Scholar
• Feenstra R. C., Shapiro M. D., Feenstra R. C., Shapiro M. D. High-frequency substitution and the measurement of price indexes. Scanner Data and Price Indexes (2003) (University of Chicago Press, Chicago) 123–150Crossref, Google Scholar
• Frankel J. A., Rose A. K. Currency crashes in emerging markets: An empirical treatment. J. Internat. Econom. (1996) 41(3–4):351–366Crossref, Google Scholar
• Frankenberg E., Thomas D., Beegle K. The real costs of Indonesia's economic crisis: Preliminary findings from the Indonesia family life surveys. (1999) . Working Paper Series 99-04, RAND Labor and Population Program, Santa Monica, CAGoogle Scholar
• Friedman M.A Theory of the Consumption Function (1957) (National Bureau of Economic Research, Princeton, NJ) Crossref, Google Scholar
• Fuhrer J. C. Habit formation in consumption and its implications for monetary-policy models. Amer. Econom. Rev. (2000) 90(3):367–390Crossref, Google Scholar
• Glaeser E. L., Shleifer A. Legal origins. Quart. J. Econom. (2002) 117(November):1193–1229Crossref, Google Scholar
• Hall R. E. Stochastic implications of the life cycle-permanent income hypothesis. J. Political Econom. (1978) 86(6):971–987Crossref, Google Scholar
• Hall R., Gupta M., Gelblum E. A., O'Brien S. J. Nokia: Q109 wrap. (2009) . Report, Europe Equity Research, J. P. Morgan, New YorkGoogle Scholar
• Haque N. U., Montiel P. Consumption in developing countries: Tests for liquidity constraints and finite horizons. Rev. Econom. Statist. (1989) 71(3):408–415Crossref, Google Scholar
• Hendry D. F. Stochastic specification in an aggregate demand model of the United Kingdom. Econometrica (1974) 42(3):559–578Crossref, Google Scholar
• Henisz W. J. The institutional environment for economic growth. Econom. Politics (2000) 12(1):1–31Crossref, Google Scholar
• Hong K., Tornell A. Recovery from a currency crisis: Some stylized facts. J. Dev. Econom. (2005) 76(1):71–96Crossref, Google Scholar
• Hutchison M. M., Noy I. How bad are twins? Output costs of currency and banking crises. J. Money, Credit Banking (2005) 37(4):725–752Crossref, Google Scholar
• Jeanne O.Currency Crisis: A Perspective on Recent Theoretical Developments (2000) 20(Princeton University, Princeton, NJ) Special Papers in International EconomicsGoogle Scholar
• Kaminsky G. L., Lizondo S., Reinhart C. M. Leading indicators of currency crises. Internat. Monetary Fund Staff Papers (1998) 45(1):1–48Crossref, Google Scholar
• Kang S. J., Sawada Y. Credit crunch and household welfare: The case of the Korean financial crisis. Japanese Econom. Rev. (2008) 59(4):438–458Crossref, Google Scholar
• Klein J., Dawar N. Corporate social responsibility and consumers' attributions and brand evaluations in a product-harm crisis. Internat. J. Res. Marketing (2004) 21(3):203–217Crossref, Google Scholar
• Lamey L., Deleersnyder B., Dekimpe M. G., Steenkamp J.-B. E. M. How business cycles contribute to private label success: Evidence from the United States and Europe. J. Marketing (2007) 71(1):1–15Crossref, Google Scholar
• La Porta R., Lopez-de-Silanes F., Shleifer A., Vishny R. W. Law and finance. J. Political Econom. (1998) 106(6):1113–1155Crossref, Google Scholar
• McCully C. P., Teensma T. D. Preview of the 2009 comprehensive revision of the national income and product accounts: New classifications for personal consumption expenditures. Survey Current Bus. (2008) 88(5):6–17Google Scholar
• McKenzie D. J. The consumer response to the Mexican peso crisis. Econom. Dev. Cultural Change (2006) 55(1):139–172Crossref, Google Scholar
• Meese R. A., Rogoff K. Empirical exchange rate models of the Seventies: Do they fit out of sample? J. Internat. Econom. (1983) 14(1–2):3–24Crossref, Google Scholar
• Moeller J. F. Consumer expenditure responses to income redistribution programs. Rev. Econom. Statist. (1981) 63(3):409–421Crossref, Google Scholar
• Paxson C. H. Using weather variability to estimate the response of savings to transitory income in Thailand. Amer. Econom. Rev. (1992) 82(1):15–33Google Scholar
• Pennings J. M. E., Wansink B., Meulenberg M. T. G. A note on modeling consumer reactions to a crisis: The case of the mad cow disease. Internat. J. Res. Marketing (2002) 19(1):91–100Crossref, Google Scholar
• Pesaran M. H., Smith R. P. Estimating long-run relationships from dynamic heterogeneous panels. J. Econometrics (1995) 68(1):79–113Crossref, Google Scholar
• Pesaran M. H., Shin Y., Smith R. P. Pooled mean group estimation of dynamic heterogeneous panels. J. Amer. Statist. Assoc. (1999) 94(446):621–634Crossref, Google Scholar
• Phillips P. C. B., Moon H. R. Nonstationary panel data analysis: An overview of some recent developments. Econometric Rev. (2000) 19(3):263–286Crossref, Google Scholar
• Quelch J. A., Jocz K. E. How to market in a downturn. Harvard Bus. Rev. (2009) 87(4):52–62Google Scholar
• Reinhart C. M., Rogoff K. S.This Time Is Different: Eight Centuries of Financial Folly (2009a) (Princeton University Press, Princeton, NJ) Google Scholar
• Reinhart C. M., Rogoff K. S. The aftermath of financial crises. (2009b) . NBER Working Paper 14656, Cambridge, MACrossref, Google Scholar
• Rubel O., Prasad A. N., Srinivasan S. Optimal crisis management. (2007) . Working paper, Krannert School of Management, Purdue University, West Lafayette, INGoogle Scholar
• Sachs J. D., Tornell A., Velasco A. Financial crises in emerging markets: The lessons from 1995. Brookings Papers Econom. Activity (1996) 1996(1):147–216Crossref, Google Scholar
• Udry C. Risk and insurance in a rural credit market: An empirical investigation in northern Nigeria. Rev. Econom. Stud. (1994) 61(3):495–526Crossref, Google Scholar
• Van Heerde H., Helsen K., Dekimpe M. G. The impact of a product-harm crisis on marketing effectiveness. Marketing Sci. (2007) 26(2):230–245Link, Google Scholar