Showing 1 - 10 of 48
Persistent link: https://www.econbiz.de/10012033726
This contribution is motivated by two stylized observations, the slowdown in growth, and a simultaneous income polarization in many advanced economies. While mainstream neoclassical and endogenous growth theory cannot sufficiently explain the nexus, we argue that the demand side plays a role. We...
Persistent link: https://www.econbiz.de/10012287662
The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...
Persistent link: https://www.econbiz.de/10012310716
Persistent link: https://www.econbiz.de/10012174530
The anticipation of bad future events reduces currently experienced happiness and it may through this channel elicit … aging into a life-cycle model, calibrate it with data from gerontology, and analyze how the anticipation of a deteriorating … we compare behavior and outcomes of anticipating and non-anticipating individuals and find that anticipation decreases …
Persistent link: https://www.econbiz.de/10012265303
The interaction of inequality and growth and the direction of causality in this relationship have been an extensively discussed topic with several questions but without clear answers both in the theoretical and empirical literature. The current paper contributes mainly into the new economic...
Persistent link: https://www.econbiz.de/10011575247
We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German producer price index. After expansionary monetary policy, the increase in the frequency of price change is economically small, the average absolute size across all price...
Persistent link: https://www.econbiz.de/10012421507
Romania is a country with a high production potential for the vegetables and fruits, due in particular to the high natural fertility of soils and to the climate diversity. Besides the favorable conditions for the production of fruits and vegetables, it should be mentioned that Romania is a...
Persistent link: https://www.econbiz.de/10012058733
What is the role of heterogenous house-price expectations for boom-bust cycles in the housing market? We exploit a unique Dutch panel data set on households' house price expectations and their consumption, savings and housing choices for the period 2003-2016. This period was characterized by a...
Persistent link: https://www.econbiz.de/10012265571
stock price fluctuation solely based on financial news from relevant sources. The paper will start with providing background …, combined with historical data from relevant news sources as well as stock data. …
Persistent link: https://www.econbiz.de/10012227597