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 …

to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity …

Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price … study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … intratemporal substitution from non-durable to durable consumption. …

) – do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as … cognitive abilities, as well as economic expectations, consumption and borrowing plans, and total household debt from Finland … that operate through household consumption and borrowing decisions …

monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and …

monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and …

theoretically and empirically that higher in ation expectations increase households' consumption. We then design a difference …

) - do not change their consumption propensities with their inflation expectations. Low-IQ men are also less than half as … cognitive abilities, as well as economic expectations, consumption and borrowing plans, and total household debt from Finland … policies that operate through household consumption and borrowing decisions. …

patterns. Our unique microdata include administrative information on cognitive abilities, economic expectations, consumption …