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Unemployment Risk and Over-Indebtedness
Du Caju, Philip - 2016
We study how unemployment affects the over-indebtedness of households using the new European Household Finance and Consumption Survey (HFCS). First, we assess the role of different labor market statuses (i.e. employed, unemployed, disabled, retired, etc.) and other household characteristics...
Persistent link: https://www.econbiz.de/10012988621
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Firms' investment decisions in response to demand and price uncertainty
Fuss, Catherine; Vermeulen, Philip - 2004
We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing … firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical … counterparts, the variances of future demand and price shocks. We find that demand uncertainty depresses planned and realized …
Persistent link: https://www.econbiz.de/10011604393
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Does uncertainty affect participation in the European Central Bank's Survey of Professional Forecasters?
López Pérez, Víctor - 2015
This paper explores how changes in macroeconomic uncertainty have affected the decision to participate in the European …. First, a time-series analysis explores if changes in measures of uncertainty over time have led to changes in aggregate … response rates. And second, a discrete-choice model for panel data is estimated to test if changes in uncertainty measures have …
Persistent link: https://www.econbiz.de/10011605852
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Tracking global economic uncertainty: Implications for the euro area
Bobasu, Alina; Geis, André; Quaglietti, Lucia; Ricci, … - 2021
This paper sheds light on the impact of global macroeconomic uncertainty on the euro area economy. We build on the … methodology proposed by Jurado et al. (2015) and estimate global as well as country-specific measures of economic uncertainty for … to a wide range of historical events generally associated with heightened uncertainty. In addition, following Pier and …
Persistent link: https://www.econbiz.de/10012515462
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Does Uncertainty Affect Participation in the European Central Bank's Survey of Professional Forecasters?
López-Pérez, Víctor - 2015
This paper explores how changes in macroeconomic uncertainty have affected the decision to participate in the European …. First, a time-series analysis explores if changes in measures of uncertainty over time have led to changes in aggregate … response rates. And second, a discrete-choice model for panel data is estimated to test if changes in uncertainty measures have …
Persistent link: https://www.econbiz.de/10013020645
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Tracking Global Economic Uncertainty : Implications for the Euro Area
Bobasu, Alina; Geis, André; Quaglietti, Lucia; Ricci, … - 2021
This paper sheds light on the impact of global macroeconomic uncertainty on the euro area economy. We build on the … methodology proposed by Jurado et al. (2015) and estimate global as well as country-specific measures of economic uncertainty for … to a wide range of historical events generally associated with heightened uncertainty. In addition, following Pier and …
Persistent link: https://www.econbiz.de/10013231373
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Got rejected? Real effects of not getting a loan
Berg, Tobias - 2016
Using a lender cut-off rule that generates plausibly exogenous variation in credit supply, I analyze real effects of loan rejections in a sample of small and medium-sized enterprises. I find that loan rejections reduce asset growth, investments, and employment, and these effects are concentrated...
Persistent link: https://www.econbiz.de/10011606005
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Determinants of workers’ remittances: evidence from the European Neighbouring Region
Schiopu, Ioana; Siegfried, Nikolaus - 2006
Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus investment motives using a new panel data set of bilateral...
Persistent link: https://www.econbiz.de/10011604734
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Wealth shocks, credit-supply shocks, and asset allocation: evidence from household and firm portfolios
Kick, Thomas; Onali, Enrico; Ruprecht, Benedikt; … - 2014
We use a unique dataset with bank clients’ security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth...
Persistent link: https://www.econbiz.de/10011605707
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Wealth Shocks, Credit-Supply Shocks, and Asset Allocation : Evidence from Household and Firm Portfolios
Kick, Thomas K. - 2014
We use a unique dataset with bank clients' security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth shocks,...
Persistent link: https://www.econbiz.de/10013057161