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Confronting the Representative Consumer with Household-Size Heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2010
the poor: once expenditures for subsistence needs are subtracted from disposable household income, household …
Persistent link: https://www.econbiz.de/10008727755
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Stock Market Wealth, Private Saving, and the Current Account in the United States: Should We Worry?
Strauß, Hubert - Institut für Weltwirtschaft (IfW) - 1999
The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock...
Persistent link: https://www.econbiz.de/10005818865
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Trend Growth and the Dynamic Effects of Government Spending
Tesfaselassie, Mewael F. - Institut für Weltwirtschaft (IfW) - 2011
The paper studies the macroeconomic effects of government spending shocks in an economy characterized by positive trend growth. It shows that the lower is the trend growth rate the less inflationary are government spending shocks and vice versa. Moreover, on impact output is higher but exhibits...
Persistent link: https://www.econbiz.de/10008805609
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Environmental tax reform and the double dividend: An econometric demand analysis
Scholz, Christian M. - Institut für Weltwirtschaft (IfW) - 1997
This paper examines the empirical relevance of the double dividend of revenue neutral marginal environmental tax reforms. For this purpose we use an extended version of the Ahmad-Stern model of indirect taxation. This version includes environmental externalities. We estimate the key parameters...
Persistent link: https://www.econbiz.de/10009276716
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Current Account Imbalances and Income Inequality: Theory and Evidence
Al-Hussami, Fares; Remesal, Álvaro Martín - Institut für Weltwirtschaft (IfW) - 2012
In this paper we analyze theoretically and empirically the impact of an increase in income inequality on the current … income inequality can affect negatively or positively the current account balance. The relationship is exacerbated by the … of developed and developing economies confirm that an increase in income inequality is mostly linked to a decrease in the …
Persistent link: https://www.econbiz.de/10010886828
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - Institut für Weltwirtschaft (IfW) - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive changes in consumption. However, this might constitute a...
Persistent link: https://www.econbiz.de/10010956068
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Age-specific rise of income and consumption inequality
Zhu, Guozhong - Institut für Weltwirtschaft (IfW) - 2013
Based on Panel Study of Income Dynamics (PSID) and Consumer Expenditure Survey (CEX), the author presents evidence that … the rise of income/consumption inequality over the past decades is more significant among younger households. This is …
Persistent link: https://www.econbiz.de/10010956091
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Costs of Housing Crises: International Evidence
Aßmann, Christian; Hogrefe, Jens; Jannsen, Nils - Institut für Weltwirtschaft (IfW) - 2009
This analysis provides evidence for the costs housing crises induce in terms of GDP growth and under what circumstances these crises are particularly costly. Housing crises are often followed by recessions that are longer and deeper than other recessions. According to empirical estimates,a...
Persistent link: https://www.econbiz.de/10005258422
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Through which channels can remittances spur economic growth in MENA countries?
Mim, Sami Ben; Ali, Mohamed Sami Ben - Institut für Weltwirtschaft (IfW) - 2012
This paper studies the remittances' effect on economic growth. Using panel data techniques, the authors estimate several specifications to provide support of such relationship for MENA countries over the period 1980-2009. The findings provide new robust evidence on how remittances are used in...
Persistent link: https://www.econbiz.de/10009646511
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Risk Preferences may be Time Preferences: A Comment on Andreoni and Sprenger (2012)
Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2014
confounds income with consumption. There exist several other comments on A&S (Miao andZhong, 2012; Epper and Fehr-Duda, 2014 and … of equalizing consumption and income …
Persistent link: https://www.econbiz.de/10010886922