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Fiscal Stimulus and HouseholdsÕ Non-Durable Consumption Expenditures: Evidence from the 2009 Australian Nation Building and Jobs Plan
Aisbett, Emma Kate; Brückner, Markus; Steinhauser, Ralf; … - Crawford School of Public Policy, Australian National … - 2014
allocation to estimate the causal response of households' non-durable consumption expenditures to a transitory, anticipated … income increase. Our main findings are that: (i) non-durable consumption expenditures did not react significantly during or …-durable consumption expenditures at the time of the announcement of the fiscal stimulus. …
Persistent link: https://www.econbiz.de/10010783733
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The Household Effects of Government Spending
Giavazzi, Francesco; McMahon, Michael - Crawford School of Public Policy, Australian National … - 2012
working relatively few (weekly) hours, for instance, suffer from a spending shock of the type we analyzed: their consumption …
Persistent link: https://www.econbiz.de/10011201632
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International Capital Flows and the Boom-Bust Cycle in Spain
Jan in’t Veld; Kollmann, Robert; Pataracchia, Beatrice; … - Crawford School of Public Policy, Australian National … - 2014
We study the joint dynamics of foreign capital flows and real activity during the recent boom-bust cycle of the Spanish economy, using a three-country New Keynesian model with credit-constrained households and firms, a construction sector and a government. We estimate the model using...
Persistent link: https://www.econbiz.de/10010904237
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How Portfolios Evolve After Retirement: Evidence from Australia
Spicer, Alexandra; Stavrunova, Olena; Thorp, Susan - Crawford School of Public Policy, Australian National … - 2013
Households in many developed economies now reach retirement with lump sums of financial wealth accumulated through defined contribution retirement plans. Managing wealth from individual accumulations and public provision is critical to retirement welfare. We study the dynamics of retirement...
Persistent link: https://www.econbiz.de/10011185993
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MEANS-TESTED INCOME SUPPORT, PORTFOLIO CHOICE AND DECUMULATION IN RETIREMENT
Thorp, Susan; Hulley, Hardy; McKibbin, Rebecca; … - Crawford School of Public Policy, Australian National … - 2009
numerical solutions to a discrete time, fi?nite horizon dynamic programming problem, we simulate the optimal consumption and …
Persistent link: https://www.econbiz.de/10010904249
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Offsets to compulsory superannuation: do people consciously choose their level of retirement saving?
Shanker, Akshay; Vidler, Sacha - Crawford School of Public Policy, Australian National … - 2014
Australian employers are obliged by law to make a minimum compulsory contribution as a proportion of salaries into employees’ superannuation (pension) funds. Individuals can also make voluntary contributions on top of the compulsory amount. We examine voluntary contributions amongst two groups...
Persistent link: https://www.econbiz.de/10010938594
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Public Services and the poor in Laos
Warr, Peter; Menon, Jayant; Rasphone, Sitthiroth - Crawford School of Public Policy, Australian National … - 2013
Both cross sectional and panel methods of analysis for Laos confirm that for public education and health services, the poorest quintile groups receive the smallest shares of total provision of these services. Nevertheless, poor groups’ shares of an increase in the level of provision...
Persistent link: https://www.econbiz.de/10011144015
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Optimal Capital Income Taxation with Means-tested Benefits
Kumru, Cagri Seda; Piggott, John - Crawford School of Public Policy, Australian National … - 2012
This paper studies the interaction between capital income taxation and a means tested age pension in the context of an overlapping generations model, calibrated to the UK economy. Recent literature has suggested a rehabilitation of capital income taxation (Conesa et al. (2009)), predicated on...
Persistent link: https://www.econbiz.de/10011201583
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Deep Habits, Price Rigidities and the Consumption Response to Government Spending
Jacob, Punnoose - Crawford School of Public Policy, Australian National … - 2013
formation, for the response of private consumption following a positive government spending shock. With ’deep’ habits in demand … increasing production. This in turn raises the demand for labor and the real wage rises. Consequently, agents raise consumption … stickiness in a model with deep habits hinders the crowding-in of consumption. If the degree of price stickiness is high enough …
Persistent link: https://www.econbiz.de/10010860355
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Fiscal policy, composition of intergenerational transfers, and income distribution
Alonso-Carrera, Jaime; Caballé, Jordi; Raurich, Xavier - Crawford School of Public Policy, Australian National … - 2010
In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distri- bution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of...
Persistent link: https://www.econbiz.de/10010607748