consumption tax hike. Our uncertainty indices for fiscal, monetary, trade, and exchange rate policy co-vary positively but also … Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our …

decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co …'s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to …

It has long been argued that the anticipations of some future event will impact current consumption and well-being in … model, by assuming that in addition to his own current consumption, an agentś current utility depends upon a reference … consumption level that is based on expected future consumption. Two alternative specifications of the anticipated future …

It has long been argued that the anticipations of some future event will impact current consumption and well-being in … model, by assuming that in addition to his own current consumption, an agent’s current utility depends upon a reference … consumption level that is based on expected future consumption. Two alternative specifications of the anticipated future …

output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts … investment, as the proximate cause for this fact, the source of the consumption difference remains a puzzle. … several potential explanations for it. While the evidence seems to point at differences in consumption responses, rather than …

We estimate the relationship between investment and unemployment in order to explore whether the medium … up, both employment and investment fell although the estimated coefficient of investment is slightly smaller when the …

supposed drivers of imbalances in the build-up to the Great Recession: unequal developments in investment, competitiveness and …

Existing empirical studies have focused on determinants of investment. We focus instead on episodes of accelerated … analysis to explore their characteristics. Turning points in investment tend to be preceded by undervalued real exchange rates … capital index. Investment surges appear to be associated with accelerated structural change in the economy. …

decline in household consumption volatility and individual earnings uncertainty. Our explanation for the aggregate volatility …