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Monetary policy and inequality
Andersen, Asger Lau; Johannesen, Niels; Jørgensen, Mia … - 2022
household-level data covering the entire population in Denmark over the period 1987-2014 and exploit a long-standing currency …
Persistent link: https://www.econbiz.de/10013347177
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Stock-Bond Correlation and Out-of-Sample Portfolio Performance Using Analyst Forecasts
Jivraj, Farouk - 2017
In this paper I examine whether one can use analyst forecasts of macroeconomic variables to improve investors ex-ante allocation of wealth between stocks and bonds. Such forecasts provide a forward-looking approach which I find improves investor's information set for the myopic stock-bond...
Persistent link: https://www.econbiz.de/10012975364
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Investment in financial literacy, social security and portfolio choice
Jappelli, Tullio; Padula, Mario - 2013
We present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return and the cost of stock market participation. Since...
Persistent link: https://www.econbiz.de/10010200795
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World real interest rates : a global savings and investment perspective
Desroches, Brigitte (contributor);  … - 2007
possible shifts in global savings and investment that have led to this fall in the world real interest rate. There are several … increase in desired global savings to explain the decline in global interest rates. Second, the results indicate that the key … factors explaining movements in savings and investment are variables that evolve relatively slowly over time, such as labour …
Persistent link: https://www.econbiz.de/10003463047
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World real interest rates : a global savings and investment perspective
Desroches, Brigitte; Francis, Michael - In: Applied economics 42 (2010) 22/24, pp. 2801-2816
Persistent link: https://www.econbiz.de/10008748287
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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
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Current Account Imbalances, Household Consumption and Debt in the Euro Area : A Tale of Two Financial Liberalizations
Marzinotto, Benedicta - 2018
first place. Theoretically, it builds on an inter-temporal consumption model augmented with household heterogeneity. Low …
Persistent link: https://www.econbiz.de/10012922538
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Housing Wealth and Consumption
Iacoviello, Matteo - 2011
Housing wealth is about one half of household net worth, and consumption is a considerable fraction (about two thirds …
Persistent link: https://www.econbiz.de/10013121362
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...
Persistent link: https://www.econbiz.de/10008856384
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Determinants of Households Saving and Financing of Assets in Canada, a Balance Sheet Approach
Gagnon, Jean-Marie - 2015
This paper uses National Balance Sheet data and defines households' savings as the change in net worth estimated at … book and at market value. The study examines the evolution of households' savings and financing of assets in Canada over … of net worth buildup only when balance sheets are estimated at book value and only for the fourth quartile savings level …
Persistent link: https://www.econbiz.de/10013036131