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Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...
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This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …
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Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...
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children and spousal specialization in home production of public goods and child care. We then study how child care provision …
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What happens to children's long-run cognitive development when introducing universal high-quality childcare for 3-year … difference-in-difference approach. We find sizable improvements in children's reading and math skills at age 15, as well as in … grade progression during primary and secondary school. Effects are driven by girls and disadvantaged children …
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