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Inequality in 3-D : income, consumption, and wealth

Fisher, Jonathan; Johnson, David S.; Smeeding, Timothy M.; … - 2017

We do not need to and should not have to choose amongst income, consumption, or wealth as the superior measure of well … for the same households, using income, consumption, and wealth from the 1989-2016 Surveys of Consumer Finances (SCF). The …

Persistent link: https://www.econbiz.de/10011803741

Modeling the consumption response to the CARES Act

Carroll, Chris; Crawley, Edmund; Slacalek, Jirka; … - 2020

To predict the effects of the 2020 U.S. CARES act on consumption, we extend a model that matches responses of … households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus … likely be necessary if consumption spending is to recover …

Persistent link: https://www.econbiz.de/10012389446

Households' balance sheets and the effect of fiscal policy

Andrés, Javier; Boscá, José E.; Ferri, Javier; … - 2017

of the fiscal multipliers, and the distributional consequences of fiscal shocks. While the output and consumption …

Persistent link: https://www.econbiz.de/10011927002

The household expenditure response to a consumption tax rate increase

Cashin, David - 2017 - Version: March 28, 2017

Persistent link: https://www.econbiz.de/10011708651

Expectations-driven liquidity traps : implications for monetary and fiscal policy

Nakata, Taisuke; Schmidt, Sebastian - 2019 - This draft: June 2019

We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence give rise to persistent liquidity trap episodes. There is no straightforward recipe for enhancing welfare in this economy. Raising the inflation target or appointing an...

Persistent link: https://www.econbiz.de/10012181947