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Spillovers and spillbacks
Acharya, Sushant; Pesenti, Paolo A. - 2024
Keynesian model. Relative to Representative Agent (RANK) models, our framework introduces a precautionary-savings channel, as … propensities to consume (MPC). While both channels amplify the size of spillovers/spillbacks, only precautionary savings can change …
Persistent link: https://www.econbiz.de/10014501129
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Spillovers and spillbacks
Acharya, Sushant; Pesenti, Paolo A. - 2024
Keynesian model. Relative to Representative Agent (RANK) models, our framework introduces a precautionary-savings channel, as … propensities to consume (MPC). While both channels amplify the size of spillovers/spillbacks, only precautionary savings can change …
Persistent link: https://www.econbiz.de/10014486412
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Demographics and Monetary Policy Shocks
Berg, Kimberly - 2019
We decompose the response of aggregate consumption to monetary policy shocks into contributions by households at different stages of the life cycle. This decomposition finds that older households have a higher consumption response than younger households. Amongst older households, the...
Persistent link: https://www.econbiz.de/10012867649
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Demographics and Monetary Policy Shocks
Berg, Kimberly A. - 2019
We decompose the response of aggregate consumption to monetary policy shocks into contributions by households at different stages of the life cycle. This decomposition finds that older households have a higher consumption response than younger households. Amongst older households, the...
Persistent link: https://www.econbiz.de/10012479919
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Demographics and monetary policy shocks
Berg, Kimberly A.; Curtis, Chadwick C.; Lugauer, Steven; … - 2019
Persistent link: https://www.econbiz.de/10012055828
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Consumer credit growth and the efficacy of monetary policy
Brady, Ryan R. - 2005
Persistent link: https://www.econbiz.de/10003904331
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Persistance des habitudes de consommation et effet de liquidité
Auray, Stéphane - In: Annales d'économie et de statistique 82 (2006), pp. 129-150
Persistent link: https://www.econbiz.de/10003511001
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The collected papers of Franco Modigliani ; Vol. 6
Modigliani, Franco - 2005
Persistent link: https://www.econbiz.de/10002821125
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Households' liquidity constraint, optimal attention allocation, and inflation expectations
Ichiue, Hibiki; Koga, Maiko; Okuda, Tatsushi; Ozaki, Tatsuya - 2019
Persistent link: https://www.econbiz.de/10012181755
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More Gray, More Volatile? Aging and (Optimal) Monetary Policy
Baksa, Daniel - 2019
The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation. Based on advanced economies' data and a DSGE-OLG model, we find that aging leads to downward pressure on inflation and higher inflation volatility. Our paper is also the first,...
Persistent link: https://www.econbiz.de/10012859869