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result is derived without specifying income uncertainty, which can follow any kind of stochastically monotone process, and …
Persistent link: https://www.econbiz.de/10014126338
health care reform in the United States is a potentially important source of households' financial uncertainty. To quantify … the implications of this uncertainty for the real economy, this paper conducts an empirical analysis of the effect of … health care policy uncertainty (HCPU) on two channels of households' economic behavior: consumption and portfolio choice …
Persistent link: https://www.econbiz.de/10012848640
uncertainty leads households to change their average monthly spending over the next 6-months by -0.95 percent. This negative … second-moment firm uncertainty effect is larger than the positive first-moment effect of firm stock returns. The employer … asymmetric response to `good' and `bad' uncertainty …
Persistent link: https://www.econbiz.de/10012826257
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10011630070
In this paper, we revisit the conventional view on efficient risk sharing that advance information on future shocks is detrimental to welfare. In our model, risk-averse agents receive private and public signals on future income realizations and engage in insurance contracts with limited...
Persistent link: https://www.econbiz.de/10013296128
Macroeconomic uncertainty consists of three components: the unobservable, the heterogeneous and the "uncertain". We are … unaware of exactly when economic agents perceive uncertainty and which type of uncertainty interests them. This paper … uncertainty related queries" for both the USA and Italy. We show that the EURQ encapsulates agents’ need to gather more …
Persistent link: https://www.econbiz.de/10012110400
Macroeconomic uncertainty consists of three components: the unobservable, the heterogeneous and the “uncertain”. We are … unaware of exactly when economic agents perceive uncertainty and which type of uncertainty interests them. This paper … uncertainty related queries” for both the USA and Italy. We show that the EURQ encapsulates agents' need to gather more …
Persistent link: https://www.econbiz.de/10012861198
study on the bases of multidisciplinary approach investigates the necessity of using the concept “institutional uncertainty …” in economic and social researching, proves that the institutional uncertainty exists as a result of imperfect knowledge … of economic agents rooting in economic agents' mentality. The institutional uncertainty is an obligatory attribute of …
Persistent link: https://www.econbiz.de/10012841975
study on the bases of multidisciplinary approach investigates the necessity of using the concept “institutional uncertainty …” in economic and social researching, proves that the institutional uncertainty exists as a result of imperfect knowledge … of economic agents rooting in economic agents' mentality. The institutional uncertainty is an obligatory attribute of …
Persistent link: https://www.econbiz.de/10012841981
study on the bases of multidisciplinary approach investigates the necessity of using the concept “institutional uncertainty …” in economic and social researching, proves that the institutional uncertainty exists as a result of imperfect knowledge … of economic agents rooting in economic agents' mentality. The institutional uncertainty is an obligatory attribute of …
Persistent link: https://www.econbiz.de/10012843613