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The effect of the financial crisis on older households in England
Banks, James; Crawford, Rowena; Crossley, Thomas F.; … - 2012
effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a …
Persistent link: https://www.econbiz.de/10009526546
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Using a temporary indirect tax cut as a fiscal stimulus: Evidence from the UK
Crossley, Thomas F.; Low, Hamish W.; Sleeman, Cath - 2014
This paper evaluates a novel form of fiscal stimulus: a temporary cut in the rate of Value Added Tax (VAT). In December 2008, the UK cut the standard rate of VAT by 2.5 percentage points for 13 months in an effort to stimulate spending. We estimate the effect of the cut on prices and spending...
Persistent link: https://www.econbiz.de/10010397771
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Using a temporary indirect tax cut as a fiscal stimulus : evidence from the UK
Crossley, Thomas F.; Low, Hamish; Sleeman, Cath - 2014
This paper evaluates a novel form of fiscal stimulus: a temporary cut in the rate of Value Added Tax (VAT). In December 2008, the UK cut the standard rate of VAT by 2.5 percentage points for 13 months in an effort to stimulate spending. We estimate the effect of the cut on prices and spending...
Persistent link: https://www.econbiz.de/10010381367
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Do Consumers Gamble to Convexify?
Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2013
The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to …
Persistent link: https://www.econbiz.de/10010500250
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Do consumers gamble to convexify?
Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2011
The combination of credit constraints and indivisible consumption goods may induce some riskaverse individuals to play … convexify their budget set. -- Gambling ; Lotteries ; Consumption ; Durables …
Persistent link: https://www.econbiz.de/10008991953
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Do consumers gamble to convexify?
Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2013
The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to …
Persistent link: https://www.econbiz.de/10009753240
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House price rises and borrowing to invest
Crossley, Thomas F.; Levell, Peter; Low, Hamish - 2024
is not consumption. We propose a borrow-to-invest motive by which house price gains affect household spending on …, rather than through consumption smoothing. We test this motive by comparing responses in different categories of spending …
Persistent link: https://www.econbiz.de/10014581808
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House price rises and borrowing to invest
Crossley, Thomas F.; Levell, Peter; Low, Hamish - 2022
is not consumption. We propose an alternative borrow-to-invest motive by which house price gains affect household … reducing access to leveraged returns and so reducing lifetime resources, rather than through consumption smoothing. …
Persistent link: https://www.econbiz.de/10013479039
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House price rises and borrowing to invest
Crossley, Thomas F.; Levell, Peter; Low, Hamish - 2022
is not consumption. We propose an alternative borrow-to-invest motive by which house price gains affect household … reducing access to leveraged returns and so reducing lifetime resources, rather than through consumption smoothing. …
Persistent link: https://www.econbiz.de/10013172106
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House price rises and borrowing to invest
Crossley, Thomas F.; Levell, Peter; Low, Hamish - 2020
is not consumption. We propose an alternative borrow-to-invest channel by which house price gains affect household … through reducing access to leveraged returns and so reducing lifetime resources, rather than through consumption smoothing. …
Persistent link: https://www.econbiz.de/10012164833