Narrow search
Showing 1 - 10 of 71
Cover Image
Long Run Effects of Money on Real Consumption and Investment in the U.S.
Shelley, Gary L.; Wallace, Frederick H. - EconWPA - 2004
consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …
Persistent link: https://www.econbiz.de/10005412854
Cover Image
International evidence on the stability of the optimizing IS equation
Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001982872
Cover Image
Estimating and testing intertemporal preferences: A unified framework for consumption, work and savings
Chin, William - EconWPA - 2004
are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …
Persistent link: https://www.econbiz.de/10005125687
Cover Image
Estimating and testing preferences for consumption, work hours and savings using the PSID, the profit function and the true dynamic budget constraint
Chin, William - EconWPA - 2003
are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …
Persistent link: https://www.econbiz.de/10005561778
Cover Image
Monetary policy actions and the incentive to invest
Emmons, William R. (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002496912
Cover Image
Thailand : 2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Thailand
Internationaler Währungsfonds - 2021
A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on...
Persistent link: https://www.econbiz.de/10012604437
Cover Image
Rethinking monetary-fiscal policy coordination : proceedings of a seminar
Jazbec, Bostjan (ed.); Banerjee, Biswajit (ed.) - Seminar on Rethinking Monetary-Fiscal Policy …; … - 2017
Opening remarks / Boštjan Jazbec, Giovanni Dell'Ariccia -- Panel 1, The coordination of monetary and fiscal policy principles and practical experience / chair: Nikolay Gueorguiev ; lead speaker: Steven Phillips ; panellists: Jan Smets, Lars Rohde, Dimitar Bogov, Nerses Yeritsyan -- Panel 2....
Persistent link: https://www.econbiz.de/10011747782
Cover Image
Home Prices and Household Spending
Windsor, Callan; Jääskelä, Jarkko; Finlay, Richard - Reserve Bank of Australia - 2013
This paper explores the positive relationship betwen home prices and household spending by following a panel of Australian households over the period 2003 to 2010. There are three hypotheses put forth in the literature to explain this relationship: (1) increases in home prices raise spending via...
Persistent link: https://www.econbiz.de/10010635598
Cover Image
Housing, Household Portfolio, and Intertemporal Elasticity of Substitution: Evidence from the Consumer Expenditure Survey
Hasanov, Fuad - EconWPA - 2005
change in asset or portfolio return affects household’s consumption growth, using a sample of households from the Consumer … Expenditure Survey. Since changes in housing return can affect consumption of households over time, we investigate whether the … affects consumption growth, and housing is an important asset to account for in the household portfolio. …
Persistent link: https://www.econbiz.de/10005126248
Cover Image
The Rate of Interest or the Rate of Return: Estimating Intertemporal Elasticity of Substitution
Dacy, Douglas; Hasanov, Fuad - EconWPA - 2005
’s consumption growth. The estimates obtained using real after-tax composite return are about 0.15-0.3 and are more robust to linear … and nonlinear estimations, different consumption measures, and various time periods than those obtained by using …
Persistent link: https://www.econbiz.de/10005126444