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The importance of consumer confidence in stimulating economic activity is a disputed issue in macroeconomics. Do changes in confidence represent autonomous fluctuations in optimism, independent of information on economic fundamentals, or are they a reflection of economic news? I study this...
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In this paper we analyse the importance of precautionary saving in Italy. In contrast to previous studies, we focus on …
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In this paper I investigate the retirement-consumption puzzle in Italy for the period 2010-2016, using SHIW data. In … households are distinguished according to the gender of the household head, female-led households are found to undergo a …
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. Hence, household consumption is not only determined by habit persistence but also by interpersonal comparisons. Most …
Persistent link: https://www.econbiz.de/10010201638
We set up and solve a rich life-cycle model of household decisions involving consumption of both perishable goods and …
Persistent link: https://www.econbiz.de/10010482078