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of tax changes on consumption and savings; and 4) the effect of tax changes on labour market activities. …
Persistent link: https://www.econbiz.de/10010242079
theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … find that individuals' consumption responses are significantly related to their economic situation, time preferences …
Persistent link: https://www.econbiz.de/10011433976
Using a representative survey of the German population, this paper studies individual consumption responses to a recent … for tax changes to affect consumption and economic activity. Our analysis of the socio-demographic and economic … determinants of consumption responses suggests that temporary and permanent tax changes have a similar impact, that interest rates …
Persistent link: https://www.econbiz.de/10010254301
significantly larger drop in consumption than high-income households. Thus, consumption inequality increase after a pandemic shock …
Persistent link: https://www.econbiz.de/10012542702
We study the transmission of monetary policy in the presence of heterogeneous households and examine the implications when the share of constrained households is a function of monetary policy. We build an analytically tractable heterogeneous agent New Keynesian model (THANK) with an endogenous...
Persistent link: https://www.econbiz.de/10013541937
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In order to fight the economic consequences of the COVID-19 pandemic, monetary and fiscal policy announced a large variety of support packages which are often unprecedented in size. In this paper, we provide an empirical analysis of the responses of European financial markets to these policy...
Persistent link: https://www.econbiz.de/10012224892
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