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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. ECONOMETRIC ANALYSIS -- VII. RECENT EXPERIENCE OF HEW IN AUSTRALIA …
Persistent link: https://www.econbiz.de/10012691040
Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption … vulnerability to shocks across household types (e.g. by education, ethnic group, and economic activity) and we quantify the impact … mechanisms, including financial access and transfers. Country characteristics crucially determine which household-level shocks …
Persistent link: https://www.econbiz.de/10014407884
across occupations with varying ability of telework after the pandemic. We develop a household model of labor supply that …
Persistent link: https://www.econbiz.de/10015058468
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
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
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
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
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
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
-adjusted housing wealth and consumer spending and obtain statistically significant and economically intuitive results. Household …
Persistent link: https://www.econbiz.de/10015058864