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Saving on a rainy day, borrowing for a rainy day

Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … age groups. We then study life-cycle models in which recessions involve one or more of: (i) an aggregate permanent …

Persistent link: https://www.econbiz.de/10009530241

Wages, hours, and the school-to-work transition : the consequences of leaving school in a recession for less-educated men

Speer, Jamin D. - In: The B.E. journal of economic analysis & policy 16 (2016) 1, pp. 97-124

Persistent link: https://www.econbiz.de/10011430162

Trend-cycle decomposition for Peruvian GDP : application of an alternative method

Guillén, Ángel; Rodriguez, Gabriel - In: Latin American economic review : LAER ; official … 23 (2014), pp. 1-44

Perron and Wada (J Monet Econ 56:749-65, 2009) propose a new method of decomposition of the GDP in its trend and cycle components, which overcomes the identification problems of models of unobserved components (UC) and ARIMA models and at the same time, admits non-linearities and asymmetries in...

Persistent link: https://www.econbiz.de/10010254293