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Income expectations, credit to households, and property prices : evidence from Indonesia and Brazil

Ali Ahmed, Huson Joher - In: Bulletin of monetary economics and banking 23 (2020), pp. 33-60

Persistent link: https://www.econbiz.de/10012423141

Chapter 5. Who Bears the Cost of Recessions? The Role of House Prices and Household Debt

Mian, A.; Sufi, A. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 255-296). 2016

This chapter reviews empirical estimates of differential income and consumption growth across individuals during … recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante … or contemporaneous income or consumption levels. We build on this literature by showing that differential shocks to …

Persistent link: https://www.econbiz.de/10014024289

Testing the easterlin hypothesis with panel data : the dynamic relationship between life satisfaction and economic growth in Germany and the UK

Pfaff, Tobias; Hirata, Johannes - 2013 - This version: February, 2013

Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … from previous research, we now count three countries for which Easterlin's happiness-income hypothesis cannot be rejected …

Persistent link: https://www.econbiz.de/10009747819

Testing the Easterlin hypothesis with panel data : the dynamic relationship between life satisfaction and economic growth in Germany and in the UK ; conference paper

Pfaff, Tobias; Hirata, Johannes - 2013 - This version: February, 2013

Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross … presented in Stevenson and Wolfers (2008, BROOKINGS PAP ECO AC), we now count three exceptions supporting Easterlin s happiness-income …

Persistent link: https://www.econbiz.de/10010338942

News-driven inflation expectations and information rigidities

Larsen, Vegard Høghaug; Thorsrud, Leif Anders; … - 2019 - This version: 20 February 2019

We investigate the role played by the media in the expectations formation process of households. Using a novel news-topic-based approach we show that news types the media choose to report on, e.g., fiscal policy, health, and politics, are good predictors of households' stated inflation...

Persistent link: https://www.econbiz.de/10012115086

Rational belief bubbles

Sohn, Hyun-U; Sornette, Didier - 2020

We propose an extension of the class of rational expectations bubbles (REBs) to the more general rational beliefs setting of Kurz (1994a,b). In a potentially non-stationary but stationarizable environment, among an heterogenous population of agents, it is possible to hold more than one...

Persistent link: https://www.econbiz.de/10012181099

Rational Belief Bubbles

Sohn, H. - 2018

We propose an extension of the class of rational expectations bubbles (REBs) to the more general rational beliefs setting of Kurz (1994a,b). In a potentially non-stationary but stationarizable environment, it is possible to hold more than one (small-r) “rational” expectation. When rational...

Persistent link: https://www.econbiz.de/10012919580

Inflation news coverage, expectations and risk premium

Perico Ortiz, Daniel - 2023

This paper investigates the effects of inflation news coverage on market-based inflation expectations and outcomes in the inflation-protected securities market. We employ a large corpus of news headlines from top U.S. newspapers and market data on the U.S. yield curve and inflation-protected...

Persistent link: https://www.econbiz.de/10014374818

Identifying the source of information rigidities in the expectations formation process

Shintani, Mototsugu; Ueda, Kozo - 2021

Coibion and Gorodnichenko (2015) provide a useful framework to test the null hypothesis of full-information rational expectations against two popular classes of information rigidities, sticky information (SI) and noisy information (NI). However, the observational equivalence of SI and NI in...

Persistent link: https://www.econbiz.de/10013222489

Credit Constraints, Capital Portfolios, and Measured Productivity

Duncan, Alfred; Mulay, Anup - 2022

We draw a straight line connecting financial shocks, capital investment decisions by firms, and change in measured aggregate productivity using a dynamic general equilibrium model. Data shows that post the 2008 crisis, firms changed their allocation between assets of varying depreciation rates...

Persistent link: https://www.econbiz.de/10014238987