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performance of equities and real estate, and slower growth in employment and wages. How does a household's exposure to monetary … policy vary with its age? The size and composition of both household income and asset portfolios exhibit large variation over … it to analyze how household responses to monetary policy shocks vary over the life cycle. Both the signs and the …
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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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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
reason is that prices for the two most important long-term savings objectives - housing and healthcare - are rising …-term savings objectives and see purchasing power decline, or they compromise financial security and invest in highly volatile …
Persistent link: https://www.econbiz.de/10011497972
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
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