International evidence on sticky consumption growth

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption-growth model outperforms the random walk model of Hall (1978), and typically fits the data better than the popular Campbell and Mankiw (1989) model. In several countries, the sticky-consumption-growth and Campbell-Mankiw models work about equally well

Dissecting saving dynamics: measuring wealth, precautionary, and credit effects

We argue that the U.S. personal saving rate’s long stability (1960s–1980s), subsequent steady decline (1980s–2007), and recent substantial rise (2008–2011) can be interpreted using a parsimonious ‘buffer stock’ model of consumption in the presence of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between ‘target’ and actual wealth, with the target determined by credit conditions and uncertainty. An estimated structural version of the model suggests that increased credit availability accounts for most of the long-term saving decline, while fluctuations in wealth and uncertainty capture the bulk of the business-cycle variation

The British Museum

If you are interested in the history of Great Britain, then look no further than the British Museum Web site. The British Museum site is a portal into the collections of one of the great museums of the world, designed for all ages and levels of interest

Christian Liberty: Where Does It Lie? or On The Road to Christian Unity

https://digitalcommons.acu.edu/crs_books/1354/thumbnail.jp

Columbia University Libraries’ digital collections

Columbia University Libraries has assembled a group of fascinating digital collections that span a wide range of subjects. These include 18 online exhibitions that highlight their collections in a way that provides a comprehensive look into American and World history

UNLV Special Collections in the twenty-first century

University of Nevada Las Vegas (UNLV) Special Collections is consistently striving to provide several avenues of discovery to its diverse range of patrons. Specifically, UNLV Special Collections has planned and implemented several online tools to facilitate unearthing treasures in the collections. These online tools incorporate Web 2.0 features as well as searchable interfaces to collections

Documenting the American South

If you’re interested in researching the American South, then the University of North Carolina (UNC)-Chapel Hill has an extensive digital collection for you. Documenting the American South is a fascinating digital collection that is geared towards K–12 and college-level students and teachers. The collection provides its users a variety of sources ranging from texts, images, and other materials that originate from various libraries of the UNC. These materials provide a springboard into several aspects of the American South and the Tar Heel State

Memorial Hall Museum Online: American Centuries.

If you are researching the history of New England online, the Memorial Hall Museum’s American Centuries site is a valuable place to start. It is geared toward educators and elementary through high school students, providing users access to primary sources and interactive activities from the Memorial Hall Museum in Old Deerfield, Massachusetts