income expectations over the next six months by 40 cents and total consumption by 34 cents. The expectation changes explain …

, households increase consumption by 2,095 rupees (30 USD) and risky investments by 20,728 rupees (300 USD) after the expiry of … term deposits. The increase in risky investment is about 10 times as much as the increase in consumption, suggesting that … more risky assets (mutual funds and equities). We estimate the interest elasticity of consumption to be -1.02 and interest …

to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity …

This paper analyzes the effects of German homeownership subsidies on the intra-city rent structure. Using a large …' CBDs. Using triple differences (TD) frameworks, I then estimate the introduction of the homeownership subsidies' effects on … rent for the cities that received varying subsidy rates. The empirical results indicate that subsidies to homeownership …