Showing 1 - 10 of 114
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10013130142
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10011605350
In several studies, hedonic methods have been used successfully for the ex post assessment of the accuracy of inflation measurement. Most of those studies relate to high-tech products, with respect to which traditional methods of compiling price indices often fail. We apply hedonic methods to...
Persistent link: https://www.econbiz.de/10011604162
User-cost indexes provide important information about the welfare implications of durable goods purchases. In this paper indexes for the cost of private transportation are developed, based on the costs associated with using new passenger cars sold in 1992-1999, in the Netherlands. The paper...
Persistent link: https://www.econbiz.de/10011604180
This paper uses survey data to assess consumers' inflation expectations in the euro area. The probability approach is used to derive quantitative estimates of inflation expectations from the European Commission's Consumer Survey. The paper subsequently analyses the empirical properties of the...
Persistent link: https://www.econbiz.de/10011604209
regarding time series properties of the historical development of labour income, consumers have also period-specific information …
Persistent link: https://www.econbiz.de/10011604297
Persistent link: https://www.econbiz.de/10011604333
Most of the empirical literature on consumption behaviour over the last decades has focused on estimating Euler equations. However, there is now consensus that data-related problems make this approach unfruitful, especially for answering policy relevant issues. Alternatively, many papers have...
Persistent link: https://www.econbiz.de/10011604618
life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent …
Persistent link: https://www.econbiz.de/10011604811
The study quantifies stock market and housing market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of 1989-2002. We found all households react similarly to aggregate housing and stock market gains. We also found statistically and economically...
Persistent link: https://www.econbiz.de/10011604903