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Chapter 5. Who Bears the Cost of Recessions? The Role of House Prices and Household Debt

Mian, A.; Sufi, A. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 255-296). 2016

This chapter reviews empirical estimates of differential income and consumption growth across individuals during … recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante … or contemporaneous income or consumption levels. We build on this literature by showing that differential shocks to …

Persistent link: https://www.econbiz.de/10014024289

Chapter 12. Advances in Consumption-Based Asset Pricing: Empirical Tests

Ludvigson, Sydney C. - 2013

The last 15 years has brought forth an explosion of research on consumption-based asset pricing as a leading contender … for explaining aggregate stock market behavior. This research has propelled further interest in consumption-based asset … consumption-based asset pricing theories using formal estimation, hypothesis testing, and model comparison. In addition to …

Persistent link: https://www.econbiz.de/10014025366

The age-specific burdens of short-run fluctuations in government spending

Heer, Burkhard; Scharrer, Christian - In: Journal of economic dynamics & control 90 (2018), pp. 45-75

Persistent link: https://www.econbiz.de/10011974025

Why do fiscal multipliers depend on fiscal positions?

Huidrom, Raju; Kose, M. Ayhan; Lim, Jamus Jerome; … - In: Journal of monetary economics 114 (2020), pp. 109-125

Persistent link: https://www.econbiz.de/10012494941

Effects of fiscal policies on house prices : new evidence, persistence, consequences

Stadelmann, David - 2010 - 1. Aufl. 2010

Abstract: Warum sind Immobilien in bestimmten Gemeinden teurer als in anderen und welche lokalen Einflussfaktoren bestimmen die Immobilienpreise? Unterscheiden sich Immobilienpreise zwischen Gemeinden aufgrund von unterschiedlichen lokalen Steuern und haben derartige Preisunterschiede über...

Persistent link: https://www.econbiz.de/10011674760

Ricardian equivalence and twin deficits hypotheses in the euro area

Forte, Francesco; Magazzino, Cosimo - In: Journal of social and economic development 17 (2015) 2, pp. 148-166

Persistent link: https://www.econbiz.de/10011481210

Differences in Resilience Between the Euro-Area and US Economies

Drew, Aaron - 2004

This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run...

Persistent link: https://www.econbiz.de/10012444383

Life-cycle Forces make Monetary Policy Transmission Wealth-centric

Beaudry, Paul; Cavallino, Paolo; Willems, Tim - National Bureau of Economic Research - 2024

of consumption/saving decisions, thereby enriching the determinants of aggregate demand and affecting the transmission of …

Persistent link: https://www.econbiz.de/10014544789

Fiscal policy and the real exchange rate

Chatterjee, Santanu; Mursagulov, Azer - In: Macroeconomic dynamics 20 (2016) 7, pp. 1742-1770

Persistent link: https://www.econbiz.de/10011623517

Fiscal policy, consumption risk, and stock returns : evidence from U.S. states

Da, Zhi; Warachka, Mitch; Yun, Hayong - In: Journal of financial and quantitative analysis : JFQA 53 (2018) 1, pp. 109-136

Persistent link: https://www.econbiz.de/10011929408