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Money Overhang, Credit Overhang and Financial Imbalances in the Euro Area

Kool, Clemens J.M. - 2013

This paper focuses on the relation between external imbalances and domestic money and credit growth in the euro area. We compute money and credit overhang both for the euro area as a whole and for individual member countries. Our results show that both aggregate money and credit overhang have...

Persistent link: https://www.econbiz.de/10013072508

Vote Buying or (Political) Business (Cycles) as Usual?

Aidt, Toke Skovsgaard; Asatryan, Zareh; Badalyan, Lusine; … - 2021

We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975-2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...

Persistent link: https://www.econbiz.de/10013315531

The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank

Kirchgässner, Gebhard - 2013

quantity of money and or excess money can be used to forecast inflation. After a preliminary data analysis, money demand …. Using recursive estimates, indicator properties of monetary aggregates for inflation are assessed for the period from 2000 … the one for M2 is strongly influenced by these three observations. While in both cases forecasts for 2010 show inflation …

Persistent link: https://www.econbiz.de/10013095154

Does Size Matter? The Impact of Changes in Household Structure on Income Distribution in Germany

Peichl, Andreas - 2010

Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood as an increase in inequality of wages due to changes in bargaining power of employees. However, the role of changing household structure is widely neglected. Societal trends...

Persistent link: https://www.econbiz.de/10013136651

MPC Heterogeneity and Household Balance Sheets

Fagereng, Andreas - 2019

We use sizeable lottery prizes in Norwegian administrative panel data to characterize households' marginal propensities to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and how lottery prizes are spent and saved over time. We...

Persistent link: https://www.econbiz.de/10012898430

Buffer-Stock Saving and Households' Response to Income Shocks

Fella, Giulio - 2016

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...

Persistent link: https://www.econbiz.de/10012978454

Reference Income Effects in the Determination of Equivalence Scales Using Income Satisfaction Data

Borah, Melanie - 2016

We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend previous studies applying this approach by taking reference income into account. This allows separating needs-based from reference effects in the determination of income...

Persistent link: https://www.econbiz.de/10012979128

The Consumption Effects of the 2007-2008 Financial Crisis : Evidence from Household-Level Data

Jensen, Thais - 2015

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...

Persistent link: https://www.econbiz.de/10013010472

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

On the Political Economy of University Admission Standards

De Donder, Philippe - 2015

We study the political determination of the proportion of students attending university when access to higher education is rationed by admission tests. Parents differ in income and in the ability of their unique child. They vote over the minimum ability level required to attend public...

Persistent link: https://www.econbiz.de/10013021411

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