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Saving on a rainy day, borrowing for a rainy day

Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … age groups. We then study life-cycle models in which recessions involve one or more of: (i) an aggregate permanent …

Persistent link: https://www.econbiz.de/10009530241

Uncertainty shocks and unemployment dynamics in US recessions

Caggiano, Giovanni; Castelnuovo, Efrem; Groshenny, Nicolas - In: Journal of monetary economics 67 (2014), pp. 78-92

Persistent link: https://www.econbiz.de/10010510922

Recessions, recoveries and regional resilience : evidence on Italy

Di Caro, Paolo - In: Cambridge journal of regions economy and society 8 (2015) 2, pp. 273-291

Persistent link: https://www.econbiz.de/10011419235

Personal insolvency dynamics in Germany and the UK : a SUR-TAR approach

König, Nadja - 2016

This paper analyses the dynamics of personal insolvencies in Germany and the UK, focusing on the recent recession. These countries are particularly interesting as they are both member countries of the European Union, yet have completely different approaches to deal with overindebted individuals....

Persistent link: https://www.econbiz.de/10011420671