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Are Money and Consumption Additively Separable in the Euro Area? A Non-Parametric Approach
Jones, Barry E.; Stracca, Livio - 2021
We propose a numerical test of the non-parametric conditions for additive separability between consumption and real money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the theoretical IS curve. We test whether or not monetary assets and...
Persistent link: https://www.econbiz.de/10013317310
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Sticky consumption and rigid wages
Ellingsen, Tore - 1995
Persistent link: https://www.econbiz.de/10013393268
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The Consumption Smoothing Benefits of Unemployment Insurance
Gruber, Jonathan - 2021
Previous research on unemployment insurance (UI) has focused on the costs of the program, in terms of the distorting … effects of generous UI benefits on worker and firm behavior. For assessing the optimal size of an unemployment insurance … replacement rate leads to a consumption fall upon unemployment which is 2.7% smaller. Over this period, the average fall in …
Persistent link: https://www.econbiz.de/10013222042
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Unemployment risk, MPC heterogeneity, and business cycles
Cho, Daeha - In: Quantitative economics : QE ; journal of the … 14 (2023) 2, pp. 717-751
This paper uses an estimated Heterogeneous Agent New Keynesian (HANK) model to evaluate the quantitative importance of two channels in driving aggre- gate consumption fluctuations in the US: (i) precautionary savings against un- employment risk and (ii) MPC heterogeneity. I find that MPC...
Persistent link: https://www.econbiz.de/10014308595
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Population increase and economic development in Asia
Sato, Kishie (contributor); Sato, Ryuzo (contributor) - Ajia Keizai Kenkyūjo (Tokyo, Japan) - 1964
Persistent link: https://www.econbiz.de/10002850826
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The effects of demographic trends on consumption, saving and government expenditures in the US
Hurd, Michael D. - 1993
Persistent link: https://www.econbiz.de/10000884546
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Consumer patterns : the driving force of environmental stress
Parikh, Jyoti K. (contributor) - 1991
Persistent link: https://www.econbiz.de/10000839910
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The effects of demographic trends on consumption, saving, and government expenditures in the United States
Hurd, Michael D. - In: The economic effects of aging in the United States and Japan, (pp. 39-57). 1997
Persistent link: https://www.econbiz.de/10001298936
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Ageing and consumer spending : some preliminary findings from India and China
Deb, Surajit - 2016
The health care for elderly population remains an important concern in the two populated economies of India and China. This paper provides an attempt to determine the extent of population aging in India and China and subsequently determine the ageing impacts on the aggregate as well as health...
Persistent link: https://www.econbiz.de/10011543445