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Fiscal stimulus and the extensive margin : conference paper
Lewis, Vivien; Winkler, Roland - 2013
Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business … crowding-in of both consumption and entry can be generated only under very specific assumptions. In a static model with full … such that future profits are high enough to generate entry. However, consumption falls for conventional parameter values …
Persistent link: https://www.econbiz.de/10010339394
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Cross-country heterogeneity in intertemporal substitution
Havránek, Tomáš; Horváth, Roman; Havránková, Zuzana; … - 2013
We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …
Persistent link: https://www.econbiz.de/10009786885
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Buffer-Stock Saving in a Krusell-Smith World
Carroll, Christopher D. - 2015
A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably well described as having both transitory and permanent components. We show how to modify the widely-used macroeconomic model of Krusell and Smith (1998) to accommodate such a...
Persistent link: https://www.econbiz.de/10013034318
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Earmarking and Partitioning : Increasing Saving by Low-Income Households
Soman, Dilip - 2010
This research examines the effects of earmarking money on savings by low-income consumers. In particular, the authors test two interventions that are designed to enhance the effects of earmarking: a) using a visual reminder of the savings goal and b) dividing the earmarked money into two parts....
Persistent link: https://www.econbiz.de/10013134845
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Similarity based comparison of good governance among the countries of the world and examining Iran's development status
Ahani, Mona; Mousakhani, Morteza; Najafbagy, Reza; … - In: International journal of technology, policy and … 20 (2020) 2, pp. 116-131
Persistent link: https://www.econbiz.de/10012287045
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Trade patterns and endogenous institutions : global evidence
Frensch, Richard; Horváth, Roman; Huber, Stephan - 2016
We propose a novel way to measure the rule of law intensity of exports at the goods level based on nearly 100 million disaggregated bilateral trade flows around the globe. We categorise goods into three groups: fragmented, primary and other. The theoretical literature on holdup problems...
Persistent link: https://www.econbiz.de/10011516584
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The relationship between savings and economic growth in countries with different level of economic development
Misztal, Piotr - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 2, pp. 17-29
The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced economies and in emerging and developing countries2. In this work we used the method based on studies in macroeconomics and international finance as well as econometric methods...
Persistent link: https://www.econbiz.de/10009313678
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Current account imbalances and income inequality: theory and evidence
Al-Hussami, Fares; Remesal, Álvaro Martín - 2012
account balance. We develop a model with consumption externalities and heterogeneous agents which explains how an increase in …. -- Current account ; income inequality ; global imbalances ; financial liberalization ; consumption externalities ; heterogeneity …
Persistent link: https://www.econbiz.de/10009565857
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Chapter 13. Social Security and Public Insurance
Börsch-Supan, A.; Härtl, K.; Leite, D.N. - In: Handbook of the economics of population aging : Volume 1, (pp. 781-863). 2016
When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...
Persistent link: https://www.econbiz.de/10014023471
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Asymmetric Demographic Pressure in South-Mediterranean versus North-Mediterranean Economies and Its Impact on International Gross Capital Flows
Peeters, Marga - 2012
According to the life-cycle theory, countries with high and rising youth ratios or high and rising old-age ratios tend to have low savings relative to investment, which depresses their capital outflows. This paper puts life-cycle theory to the test and studies the impact of demographic change on...
Persistent link: https://www.econbiz.de/10013104636