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Debt, policy uncertainty and expectations stabilization

Eusepi, Stefano; Preston, Bruce - 2010

Persistent link: https://www.econbiz.de/10008697796

The subjective inflation expectations of households and firms : measurement, determinants, and implications

Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...

Persistent link: https://www.econbiz.de/10013271201

Completing the monetary union of Europe as mid-term solution of the Euro crisis

Fischer, Justina A. V.; Pastore, Francesco - 2015

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....

Persistent link: https://www.econbiz.de/10011308548

A bigger house at the cost of an empty fridge? : the effect of households' indebtedness on their consumption: micro-evidence using Belgian HFCS data

Du Caju, Philip; Périlleux, Guillaume; Rycx, François; … - 2021

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …

Persistent link: https://www.econbiz.de/10012486606

Global aging and fiscal policy with international labor mobility : a political economy perspective

Tosun, Mehmet Serkan - 2009

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...

Persistent link: https://www.econbiz.de/10003845509

Short-time work and precautionary savings

Dengler, Thomas; Gehrke, Britta - 2021

In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...

Persistent link: https://www.econbiz.de/10012517675

Regional consumption responses and the aggregate fiscal multiplier

Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2022

spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and … local non-durable consumer spending by $0.29 and local auto spending by $0.09. We translate the regional consumption … our incomplete markets model from models with complete markets. At the zero lower bound, the aggregate consumption …

Persistent link: https://www.econbiz.de/10013187650

Why do fiscal multipliers depend on fiscal positions?

Huidrom, Raju; Kose, M. Ayhan; Lim, Jamus Jerome; … - 2019

Persistent link: https://www.econbiz.de/10012223782

Do fiscal multipliers depend on fiscal positions?

Huidrom, Raju; Kose, M. Ayhan; Lim, Jamus Jerome; … - 2016

Persistent link: https://www.econbiz.de/10011756464

The household effects of government spending

Giavazzi, Francesco; McMahon, Michael - 2012

Persistent link: https://www.econbiz.de/10009561230

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