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Consumption Patterns of Indebted Households : Unravelling the Relevance of Fiscal Policy
Afonso, António; Rodrigues, Eduardo de Sá Fortes Leitão - 2023
We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … dynamic panel models and the GMM approach for 32 advanced and emerging countries from 1995 to 2019. Our findings suggest that …
Persistent link: https://www.econbiz.de/10014346252
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Monetary policy surprise shocks under different fiscal regimes : a panel analysis of the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
fiscal stances in the period 2001Q4-2021Q4 for a panel of the 19 countries of the Euro Area. Applying local projection …
Persistent link: https://www.econbiz.de/10014336399
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Consumption Patterns of Indebted Households: Unravelling the Relevance of Fiscal Policy
Afonso, António; de Sá Fortes Leitão Rodrigues, Eduardo - 2023
We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … dynamic panel models and the GMM approach for 32 advanced and emerging countries from 1995 to 2019. Our findings suggest that …
Persistent link: https://www.econbiz.de/10014377539
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How do income and the debt position of households propagate public into private spending?
Rüth, Sebastian; Simon, Camilla - 2020
We study the household sector's post-tax income and debt position as propagation mechanisms of public into private …
Persistent link: https://www.econbiz.de/10012167583
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The effect of mortgage debt on consumer spending : evidence from household-level data
Price, Fiona; Beckers, Benjamin; La Cava, Gianni - 2019
Persistent link: https://www.econbiz.de/10013262759
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The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn's (1998) approach through Schlicht's (2003)...
Persistent link: https://www.econbiz.de/10014313459
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The Effects of Monetary Policy Surprises and Fiscal Sustainability Regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn’s (1998) approach through Schlicht’s (2003)...
Persistent link: https://www.econbiz.de/10014346445
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The Effects of Monetary Policy Surprises and Fiscal Sustainability Regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn’s (1998) approach through Schlicht’s (2003)...
Persistent link: https://www.econbiz.de/10014346577
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Low interest rates and the distribution of household debt
Emiris, Marina; Koulischer, François - 2021
population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained … level data on the universe of household credit in Belgium to document a shift in the distribution of debt over age, with … constrained, do not contribute to the rise in household debt. To identify the elasticity of household debt to the interest rate …
Persistent link: https://www.econbiz.de/10012520376
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Low interest rates and the distribution of household debt
Emiris, Marina; Koulischer, François - 2021
population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained … level data on the universe of household credit in Belgium to document a shift in the distribution of debt over age, with … constrained, do not contribute to the rise in household debt. To identify the elasticity of household debt to the interest rate …
Persistent link: https://www.econbiz.de/10012498390