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How does unconventional monetary policy affect inequality? Evidence from Japan

Saiki, Ayako; Frost, Jon - de Nederlandsche Bank - 2014

Inequality has been largely ignored in the literature and practice of monetary policy, but is gaining more attention … recently. We look at how a decade of unconventional monetary policy (UMP) in Japan affected inequality among households using … survey data. Our vector auto regression (VAR) results show that UMP widened income inequality, especially after 2008 when …

Persistent link: https://www.econbiz.de/10010822702

Wars, Redistribution and Civilian Federal Expenditures in the US over the Twentieth Century

Beetsma, Roel; Cukierman, Alex; Giuliodori, Massimo - de Nederlandsche Bank - 2005

We provide empirical evidence on two, major war-related, regularities of U.S. fiscal policy. First, while during and around World War I there is a positive correlation between defense spending and civil non-defense spending, this correlation becomes negative during World War II. This may be...

Persistent link: https://www.econbiz.de/10005030220

Housing and Equity Wealth Effects of Italian Households

Grant, Charles; Peltonen, Tuomas - de Nederlandsche Bank - 2005

The study quantifies stock market and housing market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of 1989-2002. We found, averaging over all households, both statistically and economically insignificant housing wealth effects. However, we found...

Persistent link: https://www.econbiz.de/10005021843

Portfolio Management by Dutch Households: an Analysis on the Basis of Basis of Survey

End, W.A. van den; Kakes, J.I.; Rooij, M.C.J. van; … - de Nederlandsche Bank - 2002

This report analyses the portfolio behaviour of Dutch households. The study is partly based on information from a broad survey commissioned by the Nederlandsche Bank, held in March of this year. The investigation shows that risk bearing elements are becoming more and more important in households...

Persistent link: https://www.econbiz.de/10005021857

Monetary transmission channels, monetary regimes and consumption behaviour

Sgherri, S. - de Nederlandsche Bank - 1999

This paper explores the characteristics of the monetary transmission mechanism in the UK, as portrayed by the National Institute's Domestic Econometric Model (NiDEM). Sensitivity to different monetary policy regimes and to alternative models of consumers' expenditure is assessed. The methodology...

Persistent link: https://www.econbiz.de/10005021862

The Role of Wealth in the Economy: the 2002 Annual Meeting Papers of the Royal Netherlands Economic Association

Alessie, R.J.M.; Els, P.J.A. van; Hoogduin, L.H. - de Nederlandsche Bank - 2002

This study is an introduction to and summary of the 2002 Annual Meeting papers of the Royal Netherlands Economic Association. The general theme of this year's Annual Meeting is 'The role of wealth in the economy'. It is covered by 5 papers, which address the following topics: (i) household...

Persistent link: https://www.econbiz.de/10005021879

Financial behaviour of Dutch households: analysis of the DNB Household Survey 2003

Els, P.J.A. van; End, W.A. van den; Rooij, M.C.J. van - de Nederlandsche Bank - 2003

This paper presents an analysis of the financial behaviour of Dutch households on the basis of the DNB Household Survey. The results of this survey provide insight into the backgrounds and consequences of the persistent rise of household debt. The increase in mortgage debt is related to mortgage...

Persistent link: https://www.econbiz.de/10005021883

The Stock Market and Consumer Confidence: European Evidence

Jansen, W. Jos; Nahuis, Niek J. - de Nederlandsche Bank - 2002

This paper studies the (short-run) relationship between stock market developments and consumer confidence in eleven European countries over the years 1986-2001. We find that stock returns and changes in sentiment are positively correlated for nine countries, with Germany as the main exception....

Persistent link: https://www.econbiz.de/10005021887

Do newspaper articles on card fraud affect debit card usage?

Kosse, Anneke - de Nederlandsche Bank - 2012

This paper investigates the impact of newspaper articles about skimming fraud on debit card usage in the Netherlands, using daily transaction data and daily newspaper announcements from January 1st 2005 to December 31st 2008. Key finding is that articles about skimming fraud significantly affect...

Persistent link: https://www.econbiz.de/10009652212

The Impact of Newspapers on Consumer Confidence: Does Spin Bias Exist?

Alsem, Karel-Jan; Brakman, Steven; Hoogduin, Lex; … - de Nederlandsche Bank - 2004

Mullainathan and Shleifer (2002) argue that there are two types of media bias. One bias, called ideology, reflects a news outlet's desire to affect reader opinions in a particular direction. The second bias, referred to as spin, reflects the outlet's attempt to simply create a memorable story....

Persistent link: https://www.econbiz.de/10004970700