Narrow search
Showing 1 - 10 of 7,252
Cover Image
Stock Market Volatility, Consumption and Investment; An Evaluation of the Uncertainty Hypothesis Using Post-War U.S. Data
Raunig, Burkhard; Scharler, Johann - 2011
We estimate the effects of stock market volatility on the growth rates of durable consumption, non-durable consumption … adverse effects on the growth rates of investment and durable consumption, whereas the in uence on non-durable consumption …
Persistent link: https://www.econbiz.de/10013370085
Cover Image
The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …
Persistent link: https://www.econbiz.de/10010337472
Cover Image
The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …
Persistent link: https://www.econbiz.de/10010335898
Cover Image
The Housing Wealth Effect on Consumption Reconsidered
Lindner, Fabian - 2013
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …
Persistent link: https://www.econbiz.de/10010460538
Cover Image
The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2013
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …
Persistent link: https://www.econbiz.de/10009772970
Cover Image
Distribution, wealth and demand regimes in historical perspective. USA, UK, France and Germany, 1855-2010
Stockhammer, Engelbert; Rabinovich, Joel; Reddy, Niall - 2018
changes in income distribution and in private wealth on consumption and investment covering a period from as early as 1855 … effects are found to be positive and significant for consumption in the USA and UK, but weaker in France and Germany …
Persistent link: https://www.econbiz.de/10011891342
Cover Image
The Great Recession versus the Great Depression: stylized facts on siblings that were given different foster parents
Aiginger, Karl - 2010
This paper compares the depth of the Recent Crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the Recent Crisis leveled off in mid-2009 for production and...
Persistent link: https://www.econbiz.de/10010299944
Cover Image
Macroeconomic Effects of Credit Deepening in Latin America
Carvalho, Carlos; Pasca, Nilda; Souza, Laura; … - 2014
generates only modest abovetrend growth in consumption, investment, and GDP. Since Brazil has experienced one of the most …
Persistent link: https://www.econbiz.de/10011314171
Cover Image
An inconsistency in using stock flow consistency in modelling the monetary profit paradox
de la Fonteijne, Marcel - 2014
In order to understand from where the profits or monetary profits of capitalists and firms emerge the author examined the phrase of Marx, 'Die Gesamtklasse der Kapitalisten kann nichts aus der Zirkulation herausziehen, was nicht vorher hineingeworfen war.' (The class of capitalists cannot...
Persistent link: https://www.econbiz.de/10010329605
Cover Image
The effects of the saving and banking glut on the U.S. economy
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2013
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010352184