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The anatomy of consumption in a household foreign currency debt crisis

Gyöngyösi, Győző; Rariga, Judit; Verner, Emil - 2021

This paper studies the consumption response to an increase in the domestic value of foreign currency household debt during a large depreciation. We use detailed consumption survey data that follows households for four years around Hungary's 2008 currency crisis. We find that, relative to similar...

Persistent link: https://www.econbiz.de/10012802572

A Global Macro Model for Emerging Europe

Feldkircher, Martin - 2013

This paper puts forward a global macro model comprising 43 countries and covering the period from Q1 1995 to Q4 2011. Our regional focus is on countries in Central, Eastern and Southeastern Europe (CESEE) and the Commonwealth of Independent States (CIS). Applying a global VAR (GVAR) model, we...

Persistent link: https://www.econbiz.de/10013370102

The Role of Card Acceptance in the Transaction Demand for Money

Huynh, Kim P.; Schmidt-Dengler, Philipp; Stix, Helmut - 2014

The use of payment cards, either debit or credit, is becoming more and more widespread in developed economies. Nevertheless, the use of cash remains significant. We hypothesize that the lack of card acceptance at the point of sale is a key reason why cash continues to play an important role. We...

Persistent link: https://www.econbiz.de/10013370113

Productivity shocks, long-term contracts and earnings dynamics

Balke, Neele; Lamadon, Thibaut - 2021

This paper examines how employer- and worker-specific productivity shocks transmit to earnings and employment in an economy with search frictions and firm commitment. We develop an equilibrium search model with worker and firm shocks and characterize the optimal contract offered by competing...

Persistent link: https://www.econbiz.de/10013394333

The demand for imports and exports in Africa: A survey

Olabisi, Michael; Sawyer, W. Charles - In: Journal of African Trade 7 (2020) 1/2, pp. 45-59

To drive economic development, it is important for policy makers to have a good understanding of the linkages between imports, exports, and the rest of the economy. This is particularly true for Africa. The continent depends on exports of commodities to finance imports of manufactured goods for...

Persistent link: https://www.econbiz.de/10013470692

Take-up and labour supply responses to disability insurance earnings limits

Krekó, Judit; Prinz, Daniel; Weber, Andrea - 2022

In most disability insurance programs beneficiaries lose some or all of their benefits if they earn above an earnings threshold. While intended to screen out applicants with high remaining working capacity, earnings limits can also distort the labor supply of beneficiaries. We develop a simple...

Persistent link: https://www.econbiz.de/10013479044

Prioritization, risk selection, and illness severity in a mixed health care system

Olivella, Pau; Vera-Hernández, Marcos - 2022

We study the link between illness severity and the use of public health care services by the privately insured under a public health system. Our theoretical model shows that this relationship will depend on the prioritization established by the public health authorities, the cost of waiting and...

Persistent link: https://www.econbiz.de/10013479045

Intergenerational income persistence: Evidence for the UK

Van der Erve, Laura; Krutikova, Sonya; Macmillan, Lindsey; … - 2022

Intergenerational mobility is a subject of a large literature in social science. It focuses on the association between parents' and children's economic wellbeing and receives significant attention because it speaks to the question of equality of opportunity (Torche, 2015), which many consider an...

Persistent link: https://www.econbiz.de/10013479050

Flexible estimation of random coefficient logit models of differentiated product demand

Kandelhardt, Johannes - 2023

and supply. Precise estimation of parameter estimates is therefore crucial to obtain realistic economic predictions. The … estimates of the structural parameters. With access to micro data, the approach allows for the estimation of highly flexible … patterns without substantially altering the procedure of estimation, making it relevant for practitioners. The BLP estimator is …

Persistent link: https://www.econbiz.de/10014281008

Identifying network ties from panel data: Theory and an application to tax competition

De Paula, Áureo; Rasul, Imran; Souza, Pedro C. L. - 2023

are all globally identified. While this result is relevant across different estimation strategies, we then describe how … high-dimensional estimation techniques can be used to estimate the interactions model based on the Adaptive Elastic Net …

Persistent link: https://www.econbiz.de/10014302518