Showing 1 - 10 of 2,999
points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …
Persistent link: https://www.econbiz.de/10011961488
Persistent link: https://www.econbiz.de/10011943114
.6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …
Persistent link: https://www.econbiz.de/10011949270
.6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …
Persistent link: https://www.econbiz.de/10011932446
.6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …
Persistent link: https://www.econbiz.de/10011933761
Persistent link: https://www.econbiz.de/10012132364
Mortgages are prime examples of long-term nominal loans. As a result, under incomplete asset markets, monetary policy … can affect household decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt …, have larger real effects than transitory shocks. The transmission is stronger under adjustable- than fixed-rate mortgages …
Persistent link: https://www.econbiz.de/10011306278
In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...
Persistent link: https://www.econbiz.de/10013061162
Persistent link: https://www.econbiz.de/10013253815
Persistent link: https://www.econbiz.de/10013259664