Showing 1 - 10 of 1,133
We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using … savers. We find symmetric effects on durable consumption, mainly driven by mortgagors with high debt burden or limited access …
Persistent link: https://www.econbiz.de/10012866373
consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … fiscal impulses increase private consumption, but when households are highly indebted, patterns change, and increased … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …
Persistent link: https://www.econbiz.de/10014346252
This paper analyzes sin goods consumption when individuals exhibit present-focused preferences. It considers three …. We investigate the incentives to deviate from healthy consumption (the extensive margin). In the first model, the … extensive margin of consumption is independent of the degree of present-bias and naiveté. Likewise, in the latter frameworks …
Persistent link: https://www.econbiz.de/10012836009
How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We …
Persistent link: https://www.econbiz.de/10013219064
due to a fiscal policy shock, as compared to when the rise in output is due to a positive technology shock. The cross ….75 when the rise in output follows from a favorable output shock …
Persistent link: https://www.econbiz.de/10012892134
We study the impact of fiscal revenue shocks on local fiscal policy. We focus on the very volatile revenues from the immovable property gains tax in the canton of Zurich, Switzerland, and analyze fiscal behavior following large and rare positive and negative revenue shocks. We apply causal...
Persistent link: https://www.econbiz.de/10013249661
This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during … the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical … Office covering the second wave of COVID-19 infections from September to November 2020. Households reduced their consumption …
Persistent link: https://www.econbiz.de/10014356975
This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by … feast-related goods, indicating a “feast and famine” consumption strategy. Nevertheless, spending on food with label claims …
Persistent link: https://www.econbiz.de/10014358647
, the estimation results seem to indicate that government consumption shocks have Keynesian effects for both industrial and …This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to … developing countries. In the case of tax shocks, the evidence suggest that they do not have any effects on private consumption …
Persistent link: https://www.econbiz.de/10010261064
We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …
Persistent link: https://www.econbiz.de/10012839357