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We offer a structural interpretation of survey measures of consumer confidence. Our approach is based on a simple forward-looking model of consumption. The model decomposes observed consumption uctuations in changes due to fundamentals, and changes due to temporary errors caused by noisy...
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We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
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Italian household panel data (SHIW) of 1989-2002. We found all households react similarly to aggregate housing and stock …
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We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10011631291
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10011694737
obtain a representative euro area dataset with detailed information on household balance sheets and consumption. I use a … revised from the standard model - the redistribution channel with household heterogeneity makes up 14 percent of the total …
Persistent link: https://www.econbiz.de/10014545241
component on the Survey of Household Income and Wealth. We find that households that received the tax rebate increased their … results we then simulate an overlapping generations model of household consumption: the marginal propensity to consume …
Persistent link: https://www.econbiz.de/10012946380