Similar Search Results

House Prices, Local Demand, and Retail Prices

Stroebel, Johannes - 2015

We use detailed micro data to document a causal response of local retail price to changes in house prices, with elasticities of 15%-20% across housing booms and busts. Notably, these price responses are largest in zip codes with many homeowners, and non-existent in zip codes with mostly renters....

Persistent link: https://www.econbiz.de/10013009877

Proprietary Income, Entrepreneurial Risk, and the Predictability of U.S. Stock Returns

Hoffmann, Mathias - 2021

.S. stock market wealth. Fluctuations in entrepreneurs' hunger for risk could therefore help explain time variation in the … fluctuations in proprietary income, is highly correlated with cross-sectional measures of idiosyncratic entrepreneurial risk and … as entrepreneurial risk has become more easily diversifiable in the wake of U.S. state-level bank deregulation …

Persistent link: https://www.econbiz.de/10013317587

Systematic Consumption Risk in Currency Returns

Hoffmann, Mathias - 2013

boom yields consistently positive excess returns. This excess return compensates for the risk of high negative returns in … countries on risk aversion, and low (high) risk aversion currencies depreciate (appreciate) in times of global turmoil …

Persistent link: https://www.econbiz.de/10013080499

On the Cyclicity of Regional House Prices : New Evidence for U.S. Metropolitan Statistical Areas

Flor, Michael - 2015

This paper is mainly concerned with the analysis of regional house price cycles. Based on a newly available data set consisting of the 40 largest U.S. Metropolitan Statistical Areas (MSAs), we introduce a wavelet transform based metric to study the housing cycle synchronization across MSAs. We...

Persistent link: https://www.econbiz.de/10013017380

Risk Management-Driven Policy Rate Gap

Caggiano, Giovanni - 2018

-Bernanke period only. Focusing on this period, the “risk-management” approach is found to be responsible for monetary policy easings …

Persistent link: https://www.econbiz.de/10012910624

Income Dependent Equivalence Scales, Inequality, and Poverty

Dudel, Christian - 2015

Most equivalence scales which are applied in research on poverty and inequality do not depend on income, although there is strong empirical evidence that equivalence scales in fact are income dependent. This paper explores the consistency of results derived from income independent and income...

Persistent link: https://www.econbiz.de/10013011717

Bounds of Unfair Inequality of Opportunity : Theory and Evidence for Germany and the US

Niehues, Judith - 2012

Previous estimates of inequality of opportunity (IOp) are lower bounds because of the unobservability of the full set of endowed characteristics beyond the sphere of individual responsibility. Knowing the true size of unfair IOp, however, is important for the acceptance of (some) inequality and...

Persistent link: https://www.econbiz.de/10013106535

Fractional Integration and Cointegration in US Financial Time Series Data

Caporale, Guglielmo Maria - 2011

This paper examines several US monthly financial time series data using fractional integration and cointegration techniques. The univariate analysis based on fractional integration aims to determine whether the series are I(1) (in which case markets might be efficient) or alternatively I(d) with...

Persistent link: https://www.econbiz.de/10013126003

Remittances, Banking Status and the Usage of Insurance Schemes

Crayen, Dorothee - 2013

is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

Persistent link: https://www.econbiz.de/10013094542

The Dynamics of Income-Related Health Inequality Among US Children

Chatterji, Pinka - 2011

We estimate and decompose family income-related inequality in child health in the US and analyze its dynamics using the income-related health mobility index recently introduced by Allanson et al., 2010. Data come from the 1997, 2002, and 2007 waves of the Child Development Supplement (CDS) of...

Persistent link: https://www.econbiz.de/10013120563