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  1. News and uncertainty about COVID-19
    survey evidence and short-run economic impact
    Autor*in: Dietrich, Alexander M.; Küster, Keith; Müller, Gernot J.; Schoenle, Raphael
    Erschienen: 02 December 2021
    Verlag:  Centre for Economic Policy Research, London

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    LZ 161
    Fernleihe:
    keine Fernleihe

    Standort:
    Universitätsbibliothek Mannheim
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    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP16766
    Schlagworte: Consumer expectations; survey; Large shock; uncertainty; monetary policy
    Umfang: 1 Online-Ressource (circa 51 Seiten)
  2. Credit Supply and Household Debt Decisions
    Autor*in: Yin, Xiao
    Erschienen: 2023

    This dissertation contains two chapters. In Chapter 1, I combine randomized controlled trials with transaction-level data and survey data, I show that credit-limit extensions significantly increase consumer expectations about their future income... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This dissertation contains two chapters. In Chapter 1, I combine randomized controlled trials with transaction-level data and survey data, I show that credit-limit extensions significantly increase consumer expectations about their future income without increasing realized income. A one-dollar higher qualified credit limit raises consumer income expectations over the next six months by 40 cents and total consumption by 34 cents. The expectation changes explain around 35% of the total spending responses to credit limit extensions. The results show that consumers infer information about their future income from credit supply, and this learning behavior impacts their economic decision-making greatly.In the second chapter, I structurally estimate a life-cycle model incorporating the income-inference channel to study how shocks to banks’ beliefs affect their credit extensions and consumers’ subsequent spending behaviors. I find that, When the precision of bank signal about consumer future income increases by 25%, equilibrium credit supply and spending for the median consumer respectively increase by 14.11% and 4.11%. As suggested by the counter-factual analysis, when the advancement of information technology enables banks to extract more precise signals about household future income, credit supply, and spending tend to increase. The elasticity of spending with respect to bank-signal precision is around 0.16.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
    ISBN: 9798380382717
    Schriftenreihe: Dissertations Abstracts International
    Schlagworte: Finance; Consumer expectations; Credit supply; Credit extensions
    Umfang: 1 Online-Ressource (63 p.)
    Bemerkung(en):

    Source: Dissertations Abstracts International, Volume: 85-03, Section: A. - Advisor: Malmendier, Ulrike

    Dissertation (Ph.D.), University of California, Berkeley, 2023