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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

Fiscal policies and household consumption during the COVID-19 pandemic : a review of early evidence

Hackethal, Andreas; Weber, Annika - 2020

We review early evidence on how household consumption behavior has evolved over the pandemic and how different groups …

Persistent link: https://www.econbiz.de/10012318907

Managing households' expectations with salient economic policies

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

Persistent link: https://www.econbiz.de/10012057290

Spending when illiquid savings become liquid: evidence from Danish wage earners

Andersen, Henrik Yde - 2020

This paper offers new empirical evidence on the marginal propensity to consume out of an unanticipated liquidity shock. A Danish 2012 policy reform reduced the incentive to retire early in order to increase labour supply but at the same time the policy released a substantial amount of savings...

Persistent link: https://www.econbiz.de/10012287308

It's Not All Fiscal : Effects of Income, Fiscal Policy, and Wealth on Private Consumption

Jaramillo, Laura - 2015

We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income … and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to … 2012, using an error correction specification. We find a significant long-term relation between consumption and the …

Persistent link: https://www.econbiz.de/10013021438

Spending effects of child-related fiscal transfers

Goldfayn-Frank, Olga; Lewis, Vivien; Wehrhöfer, Nils - 2022

As part of Germany’s fiscal response to the Covid-19 pandemic, parents received three payments totalling e450 per child. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending. We find a significant but small spending...

Persistent link: https://www.econbiz.de/10013268076

Spending Effects of Child-Related Fiscal Transfers

Goldfayn-Frank, Olga; Lewis, Vivien; Wehrhöfer, Nils - 2022

As part of Germany's fiscal response to the Covid-19 pandemic, parents received three payments totalling e450 per child. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending. We find a significant but small spending...

Persistent link: https://www.econbiz.de/10014030082

The role of MPC heterogeneity for fiscal and monetary policy in the Euro Area

Albacete, Nicolas; Fessler, Pirmin; Pekanov, Atanas - 2024

Closely following the seminal contribution of Jappelli and Pistaferri (2014) - based on Italian household survey data - we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC) for fiscal policy in the Euro area. We document an...

Persistent link: https://www.econbiz.de/10014486919

Household consumption through recent recessions

Crossley, Thomas F.; Low, Hamish; O'Dea, Cormac - 2011

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

Persistent link: https://www.econbiz.de/10010331050

Household Consumption Through Recent Recessions

Crossley, Thomas F.; Low, Hamish; O'Dea, Cormac - 2011

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

Persistent link: https://www.econbiz.de/10010500198

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