Showing 1 - 10 of 120
savings and investment, credit and housing booms in some countries and the allocation of resources towards less productive …
Persistent link: https://www.econbiz.de/10011606319
decline so that households dissolve their savings after retirement. This study examines, how age and birth cohort affect the …
Persistent link: https://www.econbiz.de/10013368848
This paper presents the first comprehensive study of the long-run evolution of wealth inequality in Germany. We combine tax data, surveys, national accounts and rich lists to study the distribution of wealth in Germany from 1895 to 2018. We show that the concentration of wealth in the hands of...
Persistent link: https://www.econbiz.de/10013535571
We study whether the level of household indebtedness is related to the interest rate elasticity of private consumption. Looking at Finnish aggregate data, we find no robust evidence of increased interest rate elasticity of private consumption even as the household sector's debt-to-income ratio...
Persistent link: https://www.econbiz.de/10014283978
Driften die Vermögen in Deutschland auseinander? Und hat das Gefälle Ausmaße erreicht, die wirtschaftlich wie gesellschaftlich problematisch sind? Diese Fragen lösen in Deutschland seit Jahren emotional geführte Streits aus. Dabei schien es lange Zeit selbst unter Wissenschaftlern und...
Persistent link: https://www.econbiz.de/10014459472
This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...
Persistent link: https://www.econbiz.de/10011430871
participants and households. Savers fear the erosion of their retirement savings, while financial supervisors warn of the stability …
Persistent link: https://www.econbiz.de/10011949133
The share of private consumption in gross domestic product is significant; therefore, private consumption has a great influence on economic growth, which makes it a major concept in economics. The purpose of the paper is to estimate and evaluate different forecasting models for private...
Persistent link: https://www.econbiz.de/10012037654
This volume was prepared by Benedikt Heid while he was working at the ifo Institute and the University of Bayreuth. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the Ludwig-Maximilians-Universität München. It includes six self-contained...
Persistent link: https://www.econbiz.de/10011698345
China's rise has been the economic success story of the past four decades but economic growth has been slowing and domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the economic outlook and the potential impact of a...
Persistent link: https://www.econbiz.de/10011804709