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Unconventional Fiscal Policy
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2021
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for the effectiveness of such policies using changes in...
Persistent link: https://www.econbiz.de/10013315437
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Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure
D'Acunto, Francesco - 2016
Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price …
Persistent link: https://www.econbiz.de/10012995195
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The Effect of Unconventional Fiscal Policy on Consumption Expenditure
D'Acunto, Francesco - 2016
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...
Persistent link: https://www.econbiz.de/10012981297
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2015
concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …
Persistent link: https://www.econbiz.de/10013038262
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Salience in Retailing : Vertical Restraints on Internet Sales
Helfrich, Magdalena - 2017
overvalues a product attribute - quality or price - that stands out in a particular choice situation. In a highly competitive low-price … environment like on an online platform, consumers focus more on price rather than quality. Especially if the market power of local … (physical) retailers is low, price tends to be salient also in the local store, which is unfavorable for the high …
Persistent link: https://www.econbiz.de/10012947991
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Spend-and-Tax Adjustments and the Sustainability of the Government's Intertemporal Budget Constraint
Legrenzi, Gabriella Deborah; Milas, Costas - 2021
’s intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its …
Persistent link: https://www.econbiz.de/10013316265
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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
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The Relative Volatility of Commodity Prices : A Reappraisal
Arezki, Rabah - 2013
to focus on trends in the evolution and volatility of ratios of price indexes composed of multiple commodities and …
Persistent link: https://www.econbiz.de/10013091831
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Democracy and Growth : Evidence of a New Measurement
Gründler, Klaus - 2016
We present a novel approach for measuring democracy based on Support Vector Machines, a mathematical algorithm for pattern recognition. The Support Vector Machines Democracy Index (SVMDI) is continuously on the 0-1-interval and enables a very detailed measurement of democracy for 188 countries...
Persistent link: https://www.econbiz.de/10013001148
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Embedding as a Pitfall for Survey-Based Welfare Indicators : Evidence from an Experiment
Hetschko, Clemens - 2017
How can we assess the welfare of a society, its evolution over time and predict its change due to particular policy interventions? One way is to use survey-based welfare indicators such as the OECD Better Life Index. It invites people to weight a variety of quality of life indicators according...
Persistent link: https://www.econbiz.de/10012956874