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The Effect of Macroeconomic Uncertainty on Household Spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10013225751
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Market Power and Fiscal Policy in OECD Countries
Afonso, António - 2010
We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show...
Persistent link: https://www.econbiz.de/10013145150
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Cross-Border Commuting and Consuming : An Empirical Investigation
Mathä, Thomas Y.; Porpiglia, Alessandro; Ziegelmeyer, … - 2021
Germany and working in Luxembourg. In total, it is estimated that these households spend € 925 million per annum in Luxembourg …
Persistent link: https://www.econbiz.de/10013315629
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International Evidence on Sticky Consumption Growth
Carroll, Christopher D.; Slacalek, Jiri; Sommer, Martin - 2021
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10013316561
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Money Growth and Inflation : A Regime Switching Approach
Amisano, Gianni - 2010
regimes (high and low inflation). Using Bayesian techniques, we apply the model to the euro area, Germany, the US, the UK and …
Persistent link: https://www.econbiz.de/10013142985
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A New Approach to Measuring Competition in the Loan Markets of the Euro Area
van Leuvensteijn, Michiel; Bikker, Jacob Antoon; van … - 2021
competition on the lending markets in the five major euro countries as well as, for comparison, the UK, the US and Japan. Bearing … market, whereas overall loan markets in Germany and Spain were among the best competitive in the EU. The Netherlands occupied … to be more competitive, particularly in Germany and the US, than savings and cooperative banks …
Persistent link: https://www.econbiz.de/10013317045
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The Behaviour of the Real Exchange Rate : Evidence from Regression Quantiles
Nikolaou, Kleopatra - 2021
We test for mean reversion in real exchange rates using a recently developed unit root test for non-normal processes based on quantile autoregression inference in semi-parametric and non-parametric settings. The quantile regression approach allows us to directly capture the impact of different...
Persistent link: https://www.econbiz.de/10013317520