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This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess … the determinants of household debt holding and to investigate whether or not credit constraints are important for … household debt holding. We extend the existing literature in important ways. First, we present comparative evidence for four …
Persistent link: https://www.econbiz.de/10010325196
the collective approach for household behaviour and the discrete hours choice framework with fixed costs of work. We … pooling of men's earnings and the household's non-labour income in the female's budget constraint. These differences in …
Persistent link: https://www.econbiz.de/10014199265
We analyse the effects of distortionary company car taxation through increased household carownership for the … Netherlands. We use several identification strategies and demonstrate thatfor about 20 percent of households company car …
Persistent link: https://www.econbiz.de/10010326494
The Netherlands is among the top spenders on health in the OECD. We document the life-cycle profile, concentration and …
Persistent link: https://www.econbiz.de/10014128069
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending....
Persistent link: https://www.econbiz.de/10012797254
Housing markets typically exhibit a strong positive correlation between the rate of price increase and the number of houses sold. We document this correlation on high-quality Dutch data for the period 1985-2007, and estimate a VEC-model that allows us to study the mechanism giving rise to the...
Persistent link: https://www.econbiz.de/10013144816
Systemic banking crises often continue into recessions with large output losses (Reinhart & Rogoff 2009a). In this paper we ask whether the way Governments intervene in the financial sector has an impact on the economy's subsequent performance. Our theoretical analysis focuses on bank incentives...
Persistent link: https://www.econbiz.de/10010326217
We explore the consequences of different financial frictions on the corporate and banking level for macroeconomic policy responsiveness to major policy measures. We show that both corporate and bank debt overhang greatly reduce the effectiveness of fiscal policy: multipliers turn negative with...
Persistent link: https://www.econbiz.de/10011819521
We empirically investigate why wholesale funding is fragile by providing the first study of how individual banks borrow and lend in the euro unsecured and secured interbank market. Consistent with theories in which lenders enforce market discipline by monitoring counterparty credit risk and...
Persistent link: https://www.econbiz.de/10011819553
Even though economic models have been relatively successful in explaining the long run patterns of house prices, they have more difficulties in explaining short run developments of the housing markets. However, the fact that during such ‘bubbles’ the spatial pattern of house prices, which...
Persistent link: https://www.econbiz.de/10010325383