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Globalisation of financial markets - risks and opportunities : Beiträge zum CFScolloquium
Balcerowicz, Leszek (contributor) - 2003
Persistent link: https://www.econbiz.de/10013439318
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Wiederaufbau der Finanzmärkte
Ackermann, Josef (contributor) - 2012
Persistent link: https://www.econbiz.de/10013439726
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Confronting the Robinson Crusoe paradigm with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Center for Financial Studies - 2008
rich are strictly aligned. In empirical analysis a challenging complication is that consumer and income data are typically … income, household-size economies implied by the remainder household incomes are the same for the rich and the poor. …
Persistent link: https://www.econbiz.de/10010986469
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Do demographics prevent consumer aggregates from reflecting micro-level preferences?
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Center for Financial Studies - 2014
Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate deep economy-wide preference parameters, which are useful for policy evaluation. The underlying demand-aggregation properties that this approach requires, should be easy to empirically disprove:...
Persistent link: https://www.econbiz.de/10010986479
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Does income inequality lead to consumption inequality? Evidence and theory
Krueger, Dirk; Perri, Fabrizio - Center for Financial Studies - 2005
Using data from the Consumer Expenditure Survey we first document that the recent increase in income inequality in the … different trends in within-group inequality, which has increased significantly for income but little for consumption. We then … develop a simple framework that allows us to analytically characterize how within-group income inequality affects consumption …
Persistent link: https://www.econbiz.de/10010958571
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Confronting the Robinson Crusoe paradigm with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Center for Financial Studies - 2008
rich are strictly aligned. In empirical analysis a challenging complication is that consumer and income data are typically … income, household-size economies implied by the remainder household incomes are the same for the rich and the poor. …
Persistent link: https://www.econbiz.de/10005007631
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Does Income Inequality Lead to Consumption Inequality? Evidence and Theory
Krueger, Dirk; Perri, Fabrizio - Center for Financial Studies - 2005
Using data from the Consumer Expenditure Survey we first document that the recent increase in income inequality in the … different trends in within-group inequality, which has increased significantly for income but little for consumption. We then … develop a simple framework that allows us to analytically characterize how within-group income inequality affects consumption …
Persistent link: https://www.econbiz.de/10005022438
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How risky is college investment?
Hendricks, Lutz; Leukhina, Oksana - Center for Financial Studies - 2015
This paper is motivated by the fact that nearly half of U.S. college students drop out without earning a bachelor's degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop a quantitative model of college choice. The...
Persistent link: https://www.econbiz.de/10011161244
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A tractable model of buffer stock saving
Carroll, Christopher D.; Toche, Patrick - Center for Financial Studies - 2009
We present a tractable model of the effects of nonfinancial risk on intertemporal choice. Our purpose is to provide a simple framework that can be adopted in fields like representative-agent macroeconomics, corporate finance, or political economy, where most modelers have chosen not to...
Persistent link: https://www.econbiz.de/10010958579
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The American consumer: Reforming, or just resting?
Carroll, Christopher D.; Slacalek, Jirka - Center for Financial Studies - 2009
unemployment risk. We present measures of the size of these shocks and discuss what a benchmark theory says about their immediate …
Persistent link: https://www.econbiz.de/10010958694