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Differences in euro-area household finances and their relevance for monetary-policy transmission
Hintermaier, Thomas; Koeniger, Winfried - 2018
portfolios, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the … heterogeneity in household finances implies that responses of consumption to changes in the real interest rate and in house prices …
Persistent link: https://www.econbiz.de/10011863469
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US welfare reform : what's relevant for Europe?
Blank, Rebecca M. - 2002
This paper reviews the U.S. welfare reform efforts over the 1990s and the effects of these reforms to date. Seven lessons of potential interest to European observers are discussed, with particular attention to the conclusions of more recent research. Such research indicates, for example, that...
Persistent link: https://www.econbiz.de/10011410428
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When distrust goes viral : causal effects of Covid-19 on European political attitudes
Daniele, Gianmarco; Martinangeli, Andrea F.M.; … - 2020
To investigate how Covid-19 is shaping the way Europeans think about institutions, we conducted a large online survey experiment during the first wave of the epidemic (June). With a randomised survey ow we varied whether respondents are given Covid-related treatment questions first, before...
Persistent link: https://www.econbiz.de/10012404578
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Land, men, taxation : an application to pre-modern China and Europe ; Erik Jones' European miracle revisited
Blankart, Charles B. - 2014
taxes were conducive for Europe's economic growth. This paper provides a political-economic answer to the question why these …. China's contiguous geography allows bureaucrats to establish an autocratic tax system whereas Europe's split geography …
Persistent link: https://www.econbiz.de/10010391803
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Does the European Marriage Pattern explain economic growth
Dennison, Tracy K.; Ogilvie, Sheilagh C. - 2013
metastudy of the historical demography literature shows that the EMP did not prevail throughout Europe, its three key components … the EMP and its sources must therefore be sought in other factors. -- European Marriage Pattern ; nuptiality ; household …
Persistent link: https://www.econbiz.de/10009743774
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Consolidating the Covid debt
Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021
One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...
Persistent link: https://www.econbiz.de/10012796971
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The euro crisis and economic growth : a novel counterfactual approach
Terzi, Alessio - 2019 - This Draft: 25 June 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...
Persistent link: https://www.econbiz.de/10012033212
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The economic consequences of the Brexit vote
Born, Benjamin; Müller, Gernot J.; Schularick, Moritz; … - 2017
This paper introduces a data-driven, transparent and unbiased method to calculate the economic costs of the Brexit vote in June 2016. We let a matching algorithm determine a combination of comparison economies that best resembles the growth path of the UK economy before the Brexit referendum....
Persistent link: https://www.econbiz.de/10011761633
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Perceived wealth, cognitive sophistication and behavioral inattention
Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico - 2019
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance sheet profiles may be perceived as non fungible in a controlled frictionless environment with no probabilistic attributes. A large majority of subjects indeed have a bias in...
Persistent link: https://www.econbiz.de/10012138808
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Modigliani meets minsky : inequality, debt, and financial fragility in America, 1950-2016
Bartscher, Alina K.; Kuhn, Moritz; Schularick, Moritz; … - 2020
This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and … financial fragility. We exploit a new household-level dataset that covers the joint distributions of debt, income, and wealth in … increase in U.S. household debt between the 1970s and 2007. The resulting debt increase made balance sheets more sensitive to …
Persistent link: https://www.econbiz.de/10012213102