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Does the Euro Make a Difference? Spatio-Temporal Transmission of Global Shocks to Real Effective Exchange Rates in an Infinite VAR
Bussière, Matthieu - 2011
This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro area countries and assesses whether their responses to...
Persistent link: https://www.econbiz.de/10013130602
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Consumption inequality and family labor supply
Blundell, Richard; Pistaferri, Luigi; Saporta-Eksten, Itay - 2014
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10011605701
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Consumption Inequality and Family Labor Supply
Blundell, Richard W. - 2014
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10013057673
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The Distribution of Wealth and the MPC : Implications of New European Data
Carroll, Christopher D. - 2014
Using new micro data on household wealth from fifteen European countries, the Household Finance and Consumption Survey, we first document the substantial cross-country variation in how various measures of wealth are distributed across individual households. Through the lens of a standard,...
Persistent link: https://www.econbiz.de/10013058553
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The effects of labor supply shocks on labor market outcomes : evidence from the Israeli-Palestinian conflict
Mansour, Hani - 2010
Since September 2000, as a result of mobility restrictions, the supply of Palestinian workers competing for local jobs in the West Bank has increased by about fifty percent. This paper takes advantage of this unique natural experiment to study the effects of labor supply shocks on labor market...
Persistent link: https://www.econbiz.de/10003974532
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Global Liquidity Glut or Global Savings Glut? A Structural VAR Approach
Bracke, Thierry - 2008
; hypothesis), (ii) preference shocks (quot;savings glutquot; hypothesis), and (iii) investment shocks (quot;investment droughtquot … part of the variation in imbalances and financial market prices. We find that savings shocks and investment shocks explain … imbalances in the US and emerging Asia than a quot;savings glutquot …
Persistent link: https://www.econbiz.de/10012771616
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Lenders on the Storm of Wholesale Funding Shocks : Saved by the Central Bank?
de Haan, Leo - 2016
We provide empirical evidence on banks' responses to shocks in wholesale funding, using data of 181 euro area banks over the period August 2007 to June 2013. Banks' adjustments of loan volumes and lending rates in response to funding liquidity shocks are analysed in a panel VAR framework. The...
Persistent link: https://www.econbiz.de/10012998237
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Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession
Christelis, Dimitris - 2015
Data from the 2009 Internet Survey of the Health and Retirement Study show that many U.S. households experienced large capital losses in housing and financial wealth, and that 5% of respondents lost their job during the Great Recession. As a consequence of these shocks, many households reduced...
Persistent link: https://www.econbiz.de/10013026622
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Modeling spillovers and feedback of international trade in a disequilibrium framework
Beck, Martin; Winker, Peter - In: Economic modelling 21 (2004) 3, pp. 445-470
Persistent link: https://www.econbiz.de/10002027776
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Global liquidity glut or global savings glut? A structural VAR approach
Bracke, Thierry; Fidora, Michael - 2008
) preference shocks (“savings glut” hypothesis), and (iii) investment shocks (“investment drought” hypothesis). In order to … imbalances and financial market prices. We find that savings shocks and investment shocks explain less of the variation. Hence, a … “savings glut”. …
Persistent link: https://www.econbiz.de/10011604957