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A microfounded model of money demand under uncertainty, and its empirical validation using cointegration and rolling-window dynamic multiplier analysis

Größl, Ingrid; Tarassow, Artur - 2015

into account leads to ambiguous effects w.r.t. to the impact of capital as well as inflation risk, thus contradicting …. The results reveal that U.S. households increase their demand for money in response to positive changes in inflation and …

Persistent link: https://www.econbiz.de/10010520781

A microfounded model of money demand under uncertainty, and some empirical evidence

Größl, Ingrid; Tarassow, Artur - 2018

ambiguous effects w.r.t. to the impact of capital market risk as well as inflation risk, which is due to the interplay of … response to positive changes in inflation risk and capital market risk, respectively, with both effects lasting permanently. …

Persistent link: https://www.econbiz.de/10011790638

Growth, deficits and uncertainty : theoretical aspects and empirical evidence from a panel of 27 countries

Goulas, Eleftherios; Zervoyianni, Athina L. - In: The quarterly review of economics and finance : journal … 53 (2013) 4, pp. 380-392

Persistent link: https://www.econbiz.de/10010374765

Balancing Fiscal Policy Risks

2012

Persistent link: https://www.econbiz.de/10009738598

Budget Deficits, Tax Risk and Consumption

Becker, Torbjorn - 1998

This paper analyzes the effects of budget deficits on consumption when individual taxes are stochastic. It is shown that the co-movements between budget deficits and private consumption will depend on how risk averse individuals are. In the case of lump-sum taxes, it is sufficient to assume that...

Persistent link: https://www.econbiz.de/10014109632