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This paper quantifies the welfare costs of inflation in an endogenous growth setup where transitional dynamics are taken into account. We report much smaller costs than in the litterature.
Persistent link: https://www.econbiz.de/10008680017
This paper quantifies the welfare costs of inflation in an endogenous growth setup when transitional dynamics are taken into account. We report much smaller costs than when these dynamics are omitted.
Persistent link: https://www.econbiz.de/10010629587
In this paper, we provide a new empirical analysis of the dynamic portfolio decisions of households by simultaneously considering their stock market participation and home tenure choices. There is already a huge body of literature on housing status (own/rent) decisions and many contributions...
Persistent link: https://www.econbiz.de/10010706895
Disability has consequences on the dynamic changes in the positions on the labour and housing markets that may be magnifying each other. We estimate the share in the gap in labour force participation between able-bodied and disabled people that can be attributed to differences in individual home...
Persistent link: https://www.econbiz.de/10010602585
Persistent link: https://www.econbiz.de/10005171313
When an household needs to change its home, a new house must be bought and the old one must be sold. In order to complete these two transactions, the household can adopt either a sequential or a simultaneous search strategy. In sequential strategies, it first buys (or sells) and only after tries...
Persistent link: https://www.econbiz.de/10008793483
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