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This paper provides a model for the well-known empirical phenomenon that houses of different quality experience different price developments. The typical pattern is that luxury houses appreciate more in boom periods and depreciate more during busts. The standard model of housing demand treats...
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In the light of new theoretical and empirical work on the Permanent Income Hypothesis we tackle earlier findings for German data, which reject its validity given a large fraction of liquidity constrained consumers. Starting from a standard short run approach we do not find evidence for excess...
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This study investigates child multidimensional poverty in Cameroon. It finds out its determinants and its relationship … with household multidimensional poverty by considering children aged less than five years. The study uses from the Third … Multiple Indicators Clusters Survey. Five dimensions are taken into consideration in child multidimensional poverty: nutrition …
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After more than one decade of sustained economic growth, accompanied by falling poverty and inequality, Brazil has been … hit by an economic recession starting in 2014. This paper investigates the consequences of this labor market shock for the … differential effects of the recession by gender and race, we show that heterogeneity in exposure to the labor demand shock by the …
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The findings presented in this paper come from our study of the effects of Brazilian macroeconomic policy on the Brazilian Farm [product] Price Index using an adapted version of Frankel's (1986 & 2006) theoretical model. The study examined the connection between Brazilian farm prices and...
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