This “expensing” provision was a favorite of consumption tax theorists, and became part of the stimulus bill because its designers hoped to eventually make expensing full and permanent.

After a discussion of the results of estimation, Bayesian techniques for computing posterior odds on alternative models are described and applied to obtain posterior odds relating to different ...

The consumption function theories in economics evolve around lifetime decision making or how to maintain a stable pattern of standard of living over life time.

In this paper, the effects on aggregate consumption of changes in the age distribution of the population are analysed empirically. Economic theories predict that age influences individuals' saving and ...