Showing 1 - 10 of 49
This paper aims to test the validity of the Ricardian proposition for the Spanish economy from three different approaches: a) by testing its theoretical implications on the stability of national saving and the relationship between fiscal and current account balances, b) by carrying a number of...
Persistent link: https://www.econbiz.de/10012530267
created by polling the respondents on their expectations versus intentions. Expectation-based forecasts are more efficient … statically significant positive relationship between confidence and the accuracy of individual-level expectations. This positive …
Persistent link: https://www.econbiz.de/10009438764
We study the determinants of liquidity and price differentials between on-the-run and off-the-run U.S. Treasury bond markets. To guide our analysis, we develop a parsimonious model of multi-asset speculative trading in which endowment shocks separate the on-the-run security from an otherwise...
Persistent link: https://www.econbiz.de/10009476933
This thesis is a collection of papers that use survey data to analyze expectations about macroeconomic variables and … the way these expectations are formed. Using a new approach for modeling forecast errors in a structural way, we show that … explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …
Persistent link: https://www.econbiz.de/10009429015
context of a model in which these agents form their expectations on the basis of simple forecasting rules. The approach used …
Persistent link: https://www.econbiz.de/10012525233
Artículo de revista ; Consumers’ expectations of economic developments are a fundamental determinant of their spending …
Persistent link: https://www.econbiz.de/10012595404
, both quantitative and qualitative data on consumption included in the Consumer Survey Expectations (CES) carried out by the …
Persistent link: https://www.econbiz.de/10013164786
rates and the war in Ukraine) are having on Spanish households’ economic expectations, using information from the European … Central Bank’s Consumer Expectations Survey. The analysis shows that the upward revision to household inflation expectations … since mid-2021 has fed into their nominal spending expectations, which had been on an upward trajectory until the outbreak …
Persistent link: https://www.econbiz.de/10013366021
expectations. This paper shows that, in polarized contexts, agents ... …
Persistent link: https://www.econbiz.de/10014442858
Taxation and Public Education Expenditure," I study the determinants of cross-country differences in intergenerational earnings … and earnings, which features progressive taxation, public education expenditure, and borrowing constraints among the … the child's earnings. Quantitatively, taxation is more important than education expenditure. Introducing a Danish tax …
Persistent link: https://www.econbiz.de/10009438733