Similar Search Results

The effect of unconventional fiscal policy on consumption expenditure

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - In: ifo DICE report 15 (2017) 1, pp. 9-11

The Euro area faces zero inflation paired with low economic growth, at a time when the effective lower bound on nominal interest rates and large budget deficits are constraining conventional monetary and fiscal policy. In this article, we discuss the theoretical and empirical evidence on...

Persistent link: https://www.econbiz.de/10011713415

Overinvestment in Marriage-Specific Capital

Donni, Olivier - Théorie Économique, Modélisation, Application … - 2012

We consider the decisions of a married couple in a risky environment. The distribution of spouses bargaining power may change as a consequence of new outside opportunities that are offered to them, so that individual con- sumption may fluctuate over time. This is what we call "bargaining risk"....

Persistent link: https://www.econbiz.de/10010542032

The experience curve and the market size of competitive consumer durable markets

Kaldasch, Joachim - Volkswirtschaftliche Fakultät, … - 2011

An evolutionary model of the product life cycle is applied to derive the experience curve and the market size of (expensive) durable goods. The experience (learning) curve suggests that the real costs per unit decrease with an increasing cumulative output (Henderson's law). Based on the idea...

Persistent link: https://www.econbiz.de/10009294665

DURABLE GOODS, BORROWING CONSTRAINTS AND CONSUMPTION INSURANCE

Cerletti, Enzo A.; Pijoan-Mas, Josep - Centro de Estudios Monetarios y Financieros (CEMFI) - 2012

In this paper we study the transmission of income shocks into nondurable consumption in the presence of durable goods … conventional measures of insurance based on the response of non-durable consumption to income changes. The sign of this bias …

Persistent link: https://www.econbiz.de/10010556473

Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure

D'Acunto, Francesco - 2016

Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price … study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … intratemporal substitution from non-durable to durable consumption …

Persistent link: https://www.econbiz.de/10012995195

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

D'Acunto, Francesco - 2016

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural …

Persistent link: https://www.econbiz.de/10012981297

Unemployment Risk, Precautionary Saving, and Durable Goods Purchase Decisions

Dunn, Wendy E. - 1999

after controlling for demographic variables. A prediction that the consumption decisions of older consumers are relatively …

Persistent link: https://www.econbiz.de/10014202887

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2018

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … expectations and accelerate consumption expenditure. We exploit a natural experiment for an empirical test of the effectiveness of …

Persistent link: https://www.econbiz.de/10014125760

Durable Goods and the Forward-Looking Theory of Consumption : Estimates Implied by the Dynamic Effects of Money

Lastrapes, William D.; Potts, Todd B. - 2005

In this paper, we analyze the effects of money on the market for durable goods. Using quarterly US data, we estimate the dynamic responses of the price and quantity of durable goods and housing to money supply shocks, assuming only that money is neutral in the long-run. We then match these...

Persistent link: https://www.econbiz.de/10014069421

The Durapolist Puzzle : Monopoly Power in Durable-Goods Market

Orbach, Barak - 2008

This Article studies the durapolist, the durable-goods monopolist. Durapolists have long argued that, unlike perishable-goods monopolists, they face difficulties in exercising market power despite their monopolistic position. During the past thirty years, economists have extensively studied the...

Persistent link: https://www.econbiz.de/10014073586