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Asymmetric Consumption Effects of Transitory Income Shocks

Christelis, Dimitris - 2017

We use the responses of a representative sample of Dutch households to survey questions that ask how much they would consume of an unexpected, transitory, and positive income change, and by how much they would reduce their consumption in response to an unexpected, transitory, and negative income...

Persistent link: https://www.econbiz.de/10012960015

How does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice?

von Gaudecker, Hans-Martin - 2013

Household investment mistakes are an important concern for researchers and policymakers alike; portfolio …

Persistent link: https://www.econbiz.de/10013093580

The Rebound Effect of Solar Panel Adoption : Evidence from Dutch Households

Aydin, Erdal; Brounen, Dirk; Ergun, Ahmet - 2022

across time, production level and household characteristics, with higher rebound effects during seasons characterized by …

Persistent link: https://www.econbiz.de/10014030897

Financial literacy in the DNB Household Survey : insights from innovative data collection

Rooij, Maarten van; Alessie, Rob; Lusardi, Annamaria - In: Journal of financial literacy and wellbeing : FLW 2 (2024) 1, pp. 21-37

collected in the Dutch Central Bank (DNB) Household Survey, a project done in collaboration with academics. A pioneering survey … collections in the DNB Household Survey. Researchers worldwide have used these data for innovative studies, and other surveys have … innovative data collections can inspire new research initiatives and significantly contribute to our understanding of household …

Persistent link: https://www.econbiz.de/10015412075

Central Bank Transparency and Nonlinear Learning Dynamics

Eusepi, Stefano - 2008

Central bank communication plays an important role in shaping market participants' expectations. This paper studies a simple nonlinear model of monetary policy in which agents have incomplete information about the economic environment. It shows that agents' learning and the dynamics of the...

Persistent link: https://www.econbiz.de/10014214926

Macroeconomic Expectations, Central Bank Communication, and Background Uncertainty : A COVID-19 Laboratory Experiment

Petersen, Luba; Rholes, Ryan - 2022

This paper explores the robustness of laboratory expectation formation and public signal credibility to external uncertainty shocks and online experimentation. We exploit the recent pandemic as a source of exogenous background uncertainty in a New Keynesian learning-to-forecast experiment (LtFE)...

Persistent link: https://www.econbiz.de/10014082976

Breaking monetary policy news : the role of mass media coverage of ECB announcements for public inflation expectations

Hirsch, Patrick; Feld, Lars P.; Köhler, Ekkehard A. - 2023

Using the variation in national television news of four major member states in the Eurozone, we find causal effects of coverage of high-frequency identified monetary policy announcements on households' inflation expectations in an event study and a generalized Difference-in-Differences approach...

Persistent link: https://www.econbiz.de/10013550202

The Boy Who Cried Bubble : Public Warnings against Riding Bubbles

Asako, Yasushi - 2013

Attempts by governments to stop bubbles by issuing warnings seem unsuccessful. This paper examines the effects of public warnings using a simple model of riding bubbles. We show that public warnings against a bubble can stop it, if investors believe that a warning is issued in a definite range...

Persistent link: https://www.econbiz.de/10013086740

The Boy Who Cried Bubble : Public Warnings Against Riding Bubbles

Asako, Yasushi - 2014

Attempts by governments to stop bubbles by issuing warnings seem unsuccessful. This paper examines the effects of public warnings using a simple model of riding bubbles. We show that public warnings against a bubble can stop it if investors believe that a warning is issued in a definite range of...

Persistent link: https://www.econbiz.de/10013060850

Do firm expectations respond to monetary policy announcements?

Di Pace, Federico; Mangiante, Giacomo; Masolo, Riccardo - 2023

We study whether firms' expectations react to the Bank of England's monetary policy announcements by comparing the responses to the Decision Maker Panel (DMP) survey filed immediately before and after a Monetary Policy Committee (MPC) meeting. On the one hand, we find that firms' expectations...

Persistent link: https://www.econbiz.de/10014233608