Narrow search
Showing 1 - 10 of 251
Cover Image
Dissecting saving dynamics : measuring wealth, precautionary, and credit effects
Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2012
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...
Persistent link: https://www.econbiz.de/10009622528
Cover Image
Innocent bystanders? : monetary policy and inequality in the U.S.
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686
Cover Image
External Shocks and Business Cycle Fluctuations in Mexico
Sosa, Sebastian - 2008
This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and …, it finds that U.S. shocks explain a large share of Mexico's macroeconomic fluctuations after NAFTA. This partly reflects … greater trade integration-but also Mexico's ""Great Moderation,"" as the country escaped its former pattern of macro …
Persistent link: https://www.econbiz.de/10012677580
Cover Image
External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?
Sosa, Sebastian - 2008
This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and …, it finds that U.S. shocks explain a large share of Mexico's macroeconomic fluctuations after NAFTA. This partly reflects … greater trade integration-but also Mexico's "Great Moderation," as the country escaped its former pattern of macro …
Persistent link: https://www.econbiz.de/10014409022
Cover Image
World Saving
Grigoli, Francesco - 2014
This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering 165 countries from 1981 to 2012. Second, it conducts a robustness analysis across different...
Persistent link: https://www.econbiz.de/10012678775
Cover Image
Is Housing Wealth an 'ATM'? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates.
Klyuev, Vladimir - 2006
Intro -- Contents -- I. INTRODUCTION -- II. HAVE SAVING RATES REALLY FALLEN? -- III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI....
Persistent link: https://www.econbiz.de/10012691040
Cover Image
Distributional Effects of Oil Price Changes on Household Expenditures : Evidence from Mali
Kpodar, Kangni - 2006
Intro -- Contents -- I. INTRODUCTION -- II. HOW DOMESTIC OIL PRICES ARE LINKED TO INTERNATIONAL OIL PRICES CHANGES -- III. THE CONSEQUENCES OF RISING OIL PRICES FOR HOUSEHOLDS -- IV. RESULTS -- V. CONCLUSION AND POLICY IMPLICATIONS.
Persistent link: https://www.econbiz.de/10012691052
Cover Image
International Risk Sharing
Matsumoto, Akito - 2009
Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk-sharing puzzles are related to another empirical...
Persistent link: https://www.econbiz.de/10012677771
Cover Image
International Risk Sharing During the Globalization Era
Matsumoto, Akito - 2009
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk...
Persistent link: https://www.econbiz.de/10012677878
Cover Image
Household Consumption Volatility and Poverty Risk : Case Studies from South Africa and Tanzania
Bellon, Matthieu - 2020
Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption fluctuations, raising the incidence of poverty. Drawing on micro-level data from South Africa and Tanzania, we examine the vulnerability to shocks across household types (e.g....
Persistent link: https://www.econbiz.de/10014407884