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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...
Persistent link: https://www.econbiz.de/10013271201
Can government spending have a large effect on private consumption and income? This paper uses a novel dataset on … federal government disaster-relief spending, combined with both household and state-level consumption, income and employment … disaster-relief related jobs have the largest consumption growth. When a state receives such spending, the industries in this …
Persistent link: https://www.econbiz.de/10012961537
consumption. Recent studies have found that larger families spend less per capita on food, given similar per capita total … same level of consumption at lower expenditure by substituting cheaper production time for more expensive ingredients …
Persistent link: https://www.econbiz.de/10014068120
This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a hedge (i.e. a spouse whose income is negatively correlated with her own) as it raises her...
Persistent link: https://www.econbiz.de/10011399259
This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a "hedge" (i.e., a spouse whose income is negatively correlated with her own) as it raises her...
Persistent link: https://www.econbiz.de/10013320884
In this paper we test whether increasing child allowances will affect the intra-household allocation of consumption …
Persistent link: https://www.econbiz.de/10014070293
We empirically assess whether a usually expected negative response of private consumption and private investment to a … HP-based; and iii) the Hamilton (2018)-based. We find that: i) increases in government consumption have a Keynesian … effect on real per capita private consumption; ii) there is a positive effect of tax increases on private consumption when …
Persistent link: https://www.econbiz.de/10012504460
This document tries to quantify the possible impacts, on the natural gas consumption, of changes in the flat sale price …
Persistent link: https://www.econbiz.de/10013038381
This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for …
Persistent link: https://www.econbiz.de/10012253036
This article summarizes the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS …
Persistent link: https://www.econbiz.de/10014296471