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Anticipated Consumption and its Impact on Capital Accumulation and Growth : 'Forward-Looking' vs. 'Backward-Looking' Consumption Reference
Monteiro, Goncalo; Turnovsky, Stephen J. - 2021
It has long been argued that the anticipations of some future event will impact current consumption and well-being in … model, by assuming that in addition to his own current consumption, an agent’s current utility depends upon a reference … consumption level that is based on expected future consumption. Two alternative specifications of the anticipated future …
Persistent link: https://www.econbiz.de/10013315651
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The Changing Macroeconomic Response to Stock Market Volatility Shocks
Beetsma, Roel; Giuliodori, Massimo - CESifo - 2011
. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier …
Persistent link: https://www.econbiz.de/10009371360
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Public acceptability of population-level interventions to reduce alcohol consumption: A discrete choice experiment
Pechey, Rachel; Burge, Peter; Mentzakis, Emmanouil; … - In: Social Science & Medicine 113 (2014) C, pp. 104-109
discrete choice experiment provides a novel investigation of the acceptability of different interventions to reduce alcohol … consumption and the effect of information on expected effectiveness, using a UK general population sample of 1202 adults. Policy … options included high, medium and low intensity versions of: Minimum Unit Pricing (MUP) for alcohol; reducing numbers of …
Persistent link: https://www.econbiz.de/10011042269
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The Effects of Mandatory Disclosure of Supermarket Prices
Ater, Itai - 2018
We study how mandatory online disclosure of supermarket prices affects prices and price dispersion in brick-and-mortar stores. Using data collected before and after a transparency regulation went into effect in the Israeli food retail market, multiple complementary control groups and relying on...
Persistent link: https://www.econbiz.de/10012919244
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Price or Variety? An Evaluation of Mergers Effects in Grocery Retailing
Argentesi, Elena - 2018
Assortment decisions are key strategic instruments for firms responding to local market conditions. We assess this claim by studying the effect of a national merger between two large Dutch supermarket chains on prices and on the depth as well as composition of assortment. We adopt a...
Persistent link: https://www.econbiz.de/10012915612
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The Changing Macroeconomic Response to Stock Market Volatility Shocks
Beetsma, Roel M. W. J. - 2011
. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier …
Persistent link: https://www.econbiz.de/10013117909
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The Macroeconomics of TANSTAAFL
Grossmann, Volker - 2011
&D subsidy indeed leads to an intertemporal free lunch (i.e., an increase in per capita consumption at all times). Hence, Milton …
Persistent link: https://www.econbiz.de/10013117910
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What are the Effects of Tax Changes in the United Kingdom? New Evidence from a Narrative Evaluation
Cloyne, James - 2011
This paper estimates the effects of tax changes on the U.K. economy. Identification is achieved by isolating the ‘exogenous' tax policy shocks in the post-war U.K. economy using a narrative strategy as in Romer and Romer (2010). The resulting tax changes are shown to be unforecastable on the...
Persistent link: https://www.econbiz.de/10013125690
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Hyperbolic Discounting and Positive Optimal Inflation
Graham, Liam - 2013
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...
Persistent link: https://www.econbiz.de/10013092871
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The Modigliani Puzzle Revisited : A Note
Katsimi, Margarita - 2018
We estimate the relationship between investment and unemployment in order to explore whether the medium-term relationship emphasized by Franco Modigliani survived the recent Great Recession. Our results indicate that the relationship held up, both employment and investment fell although the...
Persistent link: https://www.econbiz.de/10012926561