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Consumption over the Life Cycle: Some Facts from Consumer Expenditure Survey Data

Krueger, Dirk; Fernandez-Villaverde, Jesus - Society for Economic Dynamics - SED - 2004

consumption, controlling for demographics, cohort and time effects. In addition to documenting profiles for total and nondurable … consumption, we devote special attention to the age expenditure pattern for consumer durables. We find hump-shaped paths over the … that households do not smooth consumption over their lifetimes. This is especially the case for services from consumer …

Persistent link: https://www.econbiz.de/10004970340

Consumption Along the Life Cycle: How Different is Housing?

Yang, Fang - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069443

Automation with heterogeneous agents : the effect on consumption inequality

Santini, Tommaso - Leibniz-Institut für Wirtschaftsforschung Halle - 2022 - This version: November 3, 2022

In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the … consumption inequality between 1981 and 2008 in the US (ii) educational choice and the return to wealth are quantitatively … important in explaining the increase in consumption inequality. …

Persistent link: https://www.econbiz.de/10013460248

Consumption, Expenditure, and Home Production over the Lifecycle

Aguiar, Mark; Hurst, Erik - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069400

Risk-based Pricing of Interest Rates in Household Loan Markets

Edelberg, Wendy - Society for Economic Dynamics - SED - 2004

Abstract: Focusing on observable default risk's role in loan terms and the subsequent consequences for household behavior, this paper shows that lenders increasingly used risk-based pricing of interest rates in consumer loan markets during the mid-1990s. It tests three resulting predictions....

Persistent link: https://www.econbiz.de/10005069461

Exchange rates and the information channel of monetary policy

Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - Leibniz-Institut für Wirtschaftsforschung Halle - 2020

We disentangle the effects of monetary policy announcements on real economic variables into an interest rate shock component and a central bank information shock component. We identify both components using changes in interest rate futures and in exchange rates around monetary policy...

Persistent link: https://www.econbiz.de/10012295246

Monetary policy in an oil-dependent economy in the presence of multiple shocks

Drygalla, Andrej - Leibniz-Institut für Wirtschaftsforschung Halle - 2017

Russian monetary policy has been challenged by large and continuous private capital outflows and a sharp drop in oil prices during 2014, with both ongoings having put a significant depreciation pressure on the ruble and having led the central bank to eventually give up its exchange rate...

Persistent link: https://www.econbiz.de/10011657233

Is there an information channel of monetary policy?

Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: May 17, 2024

Exploiting the heteroscedasticity of the changes in short-term and long-term interest rates and exchange rates around the FOMC announcement, we identify three structural monetary policy shocks. We eliminate the predictable part of the shocks and study their effects on financial variables and...

Persistent link: https://www.econbiz.de/10014535937

Technology adoption and the bank lending channel of monetary policy transmission

Hasan, Iftekhar; Li, Xiang - Leibniz-Institut für Wirtschaftsforschung Halle - 2021

This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to the bank‘s lending business and which specific...

Persistent link: https://www.econbiz.de/10012695677

Same, but different : testing monetary policy shock measures

Ettmeier, Stephanie; Kriwoluzky, Alexander - Leibniz-Institut für Wirtschaftsforschung Halle - 2017

In this study, we test whether three popular measures for monetary policy, that is, Romer and Romer (2004), Barakchian and Crowe (2013), and Gertler and Karadi (2015), constitute suitable proxy variables for monetary policy shocks. To this end, we employ different test statistics used in the...

Persistent link: https://www.econbiz.de/10011630098