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Displaying results 201 to 206 of 206.

  1. Home price expectations and spending
    evidence from a field experiment
    Author: Chopra, Felix; Roth, Christopher; Wohlfart, Johannes
    Published: May 2023
    Publisher:  CESifo, Munich, Germany

    How do households adjust their spending behavior in response to changes in home price expectations? We conduct a field experiment with a sample of Americans that links survey data on home price expectations to actual spending behaviour as measured in... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 63
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    How do households adjust their spending behavior in response to changes in home price expectations? We conduct a field experiment with a sample of Americans that links survey data on home price expectations to actual spending behaviour as measured in a rich home-scanner dataset. In the experiment we exogenously vary households' home price expectations by providing them with different expert forecasts. Homeowners do not adjust their spending in response to exogenously higher home price expectations, consistent with wealth effects and higher expected housing costs offsetting each other. However, renters reduce their spending in response to an increase in home price expectations. We provide evidence that the effects on renters operate through an increase in expected rental costs and higher expected costs of a future home that many renters intend to buy. Our evidence has implications for the role of asset price expectations in business cycle dynamics and consumption inequality.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279199
    Series: CESifo working papers ; 10450 (2023)
    Subjects: consumption; expectations; home prices; homeowner; information; renter
    Scope: 1 Online-Ressource (circa 88 Seiten), Illustrationen
  2. Reparations as development?
    evidence from victims of the Colombian armed conflict
    Author: Guarin, Arlen; Londoño Vélez, Juliana; Posso, Christian
    Published: [2023]
    Publisher:  Banco de la Republica Colombia, Bogotá, Colombia

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 20.500.12134/be_1236
    Series: Borradores de economía ; no. 1236 (2023)
    Subjects: Conflict reparations; cash transfers; formality; entrepreneurship; employment,home ownership; consumption; health; academic achievement and performance
    Scope: 1 Online-Ressource (circa 120 Seiten), Illustrationen
  3. Public debt and state-dependent effects of fiscal policy in the Euro area
    Author: Eminidou, Snezana; Geiger, Martin; Zachariadis, Marios
    Published: [2021]
    Publisher:  Department of Economics, University of Cyprus, Nicosia, Cyprus

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / University of Cyprus, Department of Economics ; 2021, 03
    Subjects: government spending; shock; debt-to-gdp; output; consumption; inflation; credit constraints; expectations
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  4. House price rises and borrowing to invest
    Author: Crossley, Thomas F.; Levell, Peter; Low, Hamish
    Published: [2024]
    Publisher:  Institute for Fiscal Studies, [London]

    Household borrowing and spending rise with house prices, particularly for leveraged households, but household spending is not consumption. We propose a borrow-to-invest motive by which house price gains affect household spending on residential... more

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    Household borrowing and spending rise with house prices, particularly for leveraged households, but household spending is not consumption. We propose a borrow-to-invest motive by which house price gains affect household spending on residential investment: rational, leveraged households have an incentive to make additional residential investments when house prices rise. Credit constraints then matter through reducing access to leveraged returns and so reducing lifetime resources, rather than through consumption smoothing. We test this motive by comparing responses in different categories of spending across more and less leveraged households. We find strong evidence of the borrow-to-invest motive in UK data.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Working paper / lnstitute for Fiscal Studies ; 24, 09
    Subjects: House prices; leverage; consumption; home investment
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  5. Consumption and account balances in crises
    have we neglected cognitive load?
    Author: Assenza, Tiziana; Cardaci, Alberto; Chaliasos, Michaēl
    Published: December 2023
    Publisher:  [Toulouse School of Economics], [Toulouse]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1499
    Subjects: consumption; saving; borrowing; cognitive load; online experiments; RCT; crises; furlough
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  6. Household Finance and Consumption Survey
    results from the 2021 wave
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This report summarises the stylized facts from the fourth wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in all 19 euro area countries, as well as in the Czech... more

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    This report summarises the stylized facts from the fourth wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in all 19 euro area countries, as well as in the Czech Republic, Croatia and Hungary for a sample of more than 83,000 households. Although the survey does not refer to the same time period in all countries, the most common reference period for the data is 2021. The report presents results on household assets and liabilities, income, and indicators of consumption and credit constraints.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289961806
    Other identifier:
    hdl: 10419/274126
    Series: Statistics paper series / European Central Bank ; no 46
    Subjects: Household-level data; assets; liabilities; wealth; financial pressure; consumption
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen