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In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...
Persistent link: https://www.econbiz.de/10011433976
, which mitigates their precautionary savings motive and aggregate demand falls by less. Using a quantitative model analysis …
Persistent link: https://www.econbiz.de/10012517675
In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...
Persistent link: https://www.econbiz.de/10011574144
. This study adds to the discussion by providing causal estimates for the effect of transfer receipt on the savings behavior … of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth … transfer volume, the transfer incidence over the wealth distribution and the effect of the savings behavior. The results are …
Persistent link: https://www.econbiz.de/10011915902
risk of workers, which mitigates their precautionary savings motive. Using a quantitative model analysis, we show that this …
Persistent link: https://www.econbiz.de/10014079142
risk of workers, which mitigates their precautionary savings motive. Using a quantitative model analysis, we show that this …
Persistent link: https://www.econbiz.de/10013332143
Persistent link: https://www.econbiz.de/10003484281
Persistent link: https://www.econbiz.de/10011371296
Persistent link: https://www.econbiz.de/10001057207
The current environment is characterized by low real rates and by policy rates close to or at their effective lower bound in all major financial areas. We analyze these unusual economic conditions from a secular perspective using data on aggregate consumption, wealth and asset returns. Our...
Persistent link: https://www.econbiz.de/10012866647