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We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011430780
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011346295
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011347156
panel component on the Survey of Household Income and Wealth. We find that households that received the tax rebate increased … mechanism behind our results we then simulate an overlapping generations model of household consumption: the marginal propensity …
Persistent link: https://www.econbiz.de/10011719931
I develop a model of the consumer good market where the individual's search decision is consistent with balanced-growth preferences. Here, optimal search is independent of income but increases with the time endowment. I characterize the potentially multiple equilibria and test whether the model...
Persistent link: https://www.econbiz.de/10012510199
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Persistent link: https://www.econbiz.de/10003535124
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We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10011551036
Italian household panel data (SHIW) of 1989-2002. We found all households react similarly to aggregate housing and stock …
Persistent link: https://www.econbiz.de/10013316629