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How household consumption responds to credit card refunds

Xu, Yonghao; Meng, Juanjuan; Zhang, Yu; Koo, Jeffrey - In: Economics letters 198 (2021), pp. 1-3

Persistent link: https://www.econbiz.de/10012605786

Mortgage debt, hand-to-mouth households, and monetary policy transmission

Agarwal, Sumit; Deng, Yongheng; Gu, Quanlin; He, Jia; … - In: Review of finance : journal of the European Finance … 26 (2022) 3, pp. 487-520

Persistent link: https://www.econbiz.de/10013253815

Monetary policy and the redistribution channel in the euro area

Pekanov, Atanas - 2024

Monetary policy has implicit redistribution effects for households when households are different. This changes the aggregate consumption response to interest rate changes. This paper is the first to estimate the magnitude of redistributionary channels of monetary policy in the euro area. When...

Persistent link: https://www.econbiz.de/10014545241

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

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

- 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 average MPC of 0.46 in the Euro area and illustrate its heterogeneity … (empirically measured heterogeneity of) MPC affects fiscal policy and makes it more effective in stimulating GDP growth than under …

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

Income, liquidity, and the consumption response to the 2020 economic stimulus payments

Baker, Scott; Farrokhnia, Robert A.; Meyer, Steffen; … - In: Review of finance : journal of the European Finance … 27 (2023) 6, pp. 2271-2304

Persistent link: https://www.econbiz.de/10014445777

Has the effect of housing wealth on household consumption been overestimated? : new evidence on magnitude and allocation

Choi, Jung Hyun; Zhu, Linna - In: Regional science & urban economics 95 (2022), pp. 1-14

Persistent link: https://www.econbiz.de/10014230948

MPCs in an emerging economy : evidence from Peru

Hong, Seungki - In: Journal of international economics 140 (2023), pp. 1-23

Persistent link: https://www.econbiz.de/10014266551