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Persistent link: https://www.econbiz.de/10001561577
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...
Persistent link: https://www.econbiz.de/10011540320
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household … the consumption level of all households who are perceived to be richer, on household savings and consumption. When …
Persistent link: https://www.econbiz.de/10010190171
We analyse the decline of household saving rates in the bottom half of the income distribution in Germany since the … combine survey data on household consumption with our own representative survey on the visibility and status relevance of …
Persistent link: https://www.econbiz.de/10014301401
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