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Cyclical consumption
Berger, Tino; Pozzi, Lorenzo - 2023
Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
Persistent link: https://www.econbiz.de/10014380708
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Advance information and consumption insurance : evidence from panel data
Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022 - Preliminary, April 15, 2022
We investigate whether US households possess advance information about their future income and what this means for consumption insurance. Based on insights from a theoretical model, we propose a new test to detect advance information, which requires only panel data on consumption and income....
Persistent link: https://www.econbiz.de/10013186823
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Reconciling consumption inequality with income inequality
Lepetyuk, Vadym; Stoltenberg, Christian - 2013
Persistent link: https://www.econbiz.de/10010191294
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The effect of fiscal rules on public investment if budget deficits are politically motivated
Dur, Robert A. J.; Peletier, Ben D.; Swank, Otto H. - 1997
Persistent link: https://www.econbiz.de/10000674858
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Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
Persistent link: https://www.econbiz.de/10008746634
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Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …
Persistent link: https://www.econbiz.de/10011382085
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Does the wage tax system cause budget deficits?
Riedl, Arno; Winden, Frans A. A. M. van - 2000
In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the … uncertainty about prices risk-averse producers are hypothesized to be reluctant to employ inputs with the additional effect of too … low wages and too high output prices. Our results support this hypothesis of a `risk-compensated price-mechanism'. We also …
Persistent link: https://www.econbiz.de/10011304394
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The effect of fiscal rules on public investment if budget deficits are politically motivated
Dur, Robert A. J.; Peletier, Ben D.; Swank, Otto H. - 1997
Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...
Persistent link: https://www.econbiz.de/10010371104
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Does the wage tax system cause budget deficits? : A macro-economic experiment
Riedl, Arno; Winden, Frans A. A. M. van - 2000
Persistent link: https://www.econbiz.de/10001528106
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The effect of fiscal rules on public investment if budget deficits are politically motivated
Dur, Robert A. J.; Peletier, Ben D.; Swank, Otto H. - 1997
Persistent link: https://www.econbiz.de/10000976081