Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 25 of 53.

  1. A HANK2 model of monetary unions
    Published: 01 July 2023
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18258
    Subjects: HANK2; OCA theory; Two-country model; monetary union; spillovers; monetary policy; heterogeneity; inequality; households
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  2. A HANK2 model of monetary unions
    Published: 2023
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    How does a monetary union alter the impact of business cycle shocks at the household level? We develop a Heterogeneous Agent New Keynesian model of two countries (HANK2) and show in closed form that a monetary union shifts the adjustment to a shock... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 14
    No inter-library loan

     

    How does a monetary union alter the impact of business cycle shocks at the household level? We develop a Heterogeneous Agent New Keynesian model of two countries (HANK2) and show in closed form that a monetary union shifts the adjustment to a shock horizontally - across countries - within the brackets of the union-wide wealth distribution rather than vertically - that is, across the brackets of the union-wide wealth distribution. Calibrating the model to the euro area reveals that a monetary union alters the impact of shocks most strongly in the tails of the wealth distribution but leaves the middle class almost unaffected.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/273327
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2044
    Subjects: HANK2; OCA theory; Two-country model; monetary union; spillovers; monetary policy; heterogeneity; inequality; households
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  3. A bigger house at the cost of an empty fridge?
    the effect of households' indebtedness on their consumption: micro-evidence using Belgian HFCS data
    Published: March 2021
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper investigates the potentially non-linear relation between households' indebtedness and their consumption between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike previous... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4
    No inter-library loan

     

    This paper investigates the potentially non-linear relation between households' indebtedness and their consumption between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative shock on their assets. Our findings suggest that, without such a shock, it is the day-to-day sustainability of the debt, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold analysis, whose results suggest that households should not have a debt-service-to-income ratio greater than 30%. The effect appears to be robust to various specifications, to result from a trade-off between housing and consumption, and to be more prevalent among more fragile households.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/236224
    Series: Discussion paper series / IZA ; no. 14193
    Subjects: households; indebtedness; consumption; debt-service-to-income; non-linear heterogeneous effects
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  4. A fiscus for better economic and social development in South Africa
    Published: August 2020
    Publisher:  Economic Research Southern Africa, [Cape Town]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 765
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: ERSA working paper ; 829
    Subjects: Computable general equilibrium models; households; socialaccounting matrix; regional economics; policy modelling
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  5. Are households indifferent to monetary policy announcements?
    Published: 2021
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 546
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 956 (August 2021)
    Subjects: households; monetary policy; central bank communication; inflation expectations; survey data
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  6. Bank size and household financial sentiment
    surprising evidence from the University of Michigan surveys of consumers
    Published: January 2019
    Publisher:  Research Department, Federal Reserve Bank of Philadelphia, Philadelphia, PA

    We analyze comparative advantages/disadvantages of small and large banks in improving household sentiment regarding financial conditions. We match sentiment data from the University Of Michigan Surveys Of Consumers with local banking market data from... more

    Access:
    Verlag (kostenfrei)
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 438
    No inter-library loan

     

    We analyze comparative advantages/disadvantages of small and large banks in improving household sentiment regarding financial conditions. We match sentiment data from the University Of Michigan Surveys Of Consumers with local banking market data from 2000 to 2014. Surprisingly, the evidence suggests that large rather than small banks have significant comparative advantages in boosting household sentiment. Findings are robust to instrumental variables and other econometric methods. Additional analyses are consistent with both scale economies and the superior safety of large banks as channels behind the main findings. These channels appear to more than offset stronger relationships with and greater trust in small banks

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Research Department, Federal Reserve Bank of Philadelphia ; 19, 04 (January 2019)
    FRB of Philadelphia Working Paper ; No. 19-4
    Subjects: households; financial sentiment; small banks; large banks; banking market structure
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  7. Central bank communication with the general public
    Published: [2023]
    Publisher:  [Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover], [Hannover]

    This paper surveys the literature on the role and effects of central bank communication with the general public, particularly regarding the formation of macroeconomic expectations. It starts by giving a brief overview of the recent "communication... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 8
    No inter-library loan

     

    This paper surveys the literature on the role and effects of central bank communication with the general public, particularly regarding the formation of macroeconomic expectations. It starts by giving a brief overview of the recent "communication revolution" in central bank communication. The challenges for central bank communication with the public are outlined by surveying the evidence about low average knowledge on inflation and monetary policy in the population. Next, I evaluate the effects of direct communication, distinguishing between challenges to getting the attention of the public and effects of information on the public's inflation expectations once attention is gained. Finally, I review the role of the media as transmitter of central bank communication to the public.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283164
    Series: [Hannover economic papers (HEP)] / [Wirtschaftswissenschaftliche Fakultät der Leibniz Universität Hannover] ; [Nummer: 713 (Oct 2023)]
    Subjects: Central bank communication; consumers; households; literature survey; RCT studies
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  8. Central bank communication with the general public
    Published: October 2023
    Publisher:  CESifo, Munich, Germany

    This paper surveys the literature on the role and effects of central bank communication with the general public, particularly regarding the formation of macroeconomic expectations. It starts by giving a brief overview of the recent "communication... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63
    No inter-library loan

     

    This paper surveys the literature on the role and effects of central bank communication with the general public, particularly regarding the formation of macroeconomic expectations. It starts by giving a brief overview of the recent "communication revolution" in central bank communication. The challenges for central bank communication with the public are outlined by surveying the evidence about low average knowledge on inflation and monetary policy in the population. Next, I evaluate the effects of direct communication, distinguishing between challenges to getting the attention of the public and effects of information on the public's inflation expectations once attention is gained. Finally, I review the role of the media as transmitter of central bank communication to the public.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/282401
    Series: CESifo working papers ; 10713 (2023)
    Subjects: central bank communication; consumers; households; literature survey; RCT studies
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  9. Child labour risk identification model
    methodology for designing preventive strategies at local level
    Published: 2022
    Publisher:  Naciones Unidas, CEPAL, Santiago

    Considering that it is imperative to provide reliable, comprehensive and timely data that serve as a basis to determine the priorities of national and sub-national action aimed at the prevention and elimination of child labour, the ILO Regional... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
    Unlimited inter-library loan, copies and loan

     

    Considering that it is imperative to provide reliable, comprehensive and timely data that serve as a basis to determine the priorities of national and sub-national action aimed at the prevention and elimination of child labour, the ILO Regional Office for the Americas promoted an alliance with the Economic Commission for Latin America and the Caribbean (ECLAC) in order to jointly generate tools and knowledge that enable the timely identification of children and adolescents who are on the path towards child labour. From this alliance, a tool with two methodologies emerged: the Child Labour Risk Identification Model and the Child Labour Vulnerability Index, which, although with differences, allow —based on the statistical information existing in the countries— to identify the territories in which there is greater probability or vulnerability of child labour and estimate the weight of various risk indicators in the territories, in order to define which multi-sectoral actions are most relevant in them to interrupt the development of child labour. This would enable countries, both at the national and sub-national levels, to have reliable information to design focused and articulated responses, improve the performance and effectiveness of public policies, advance in the achievement of national goals, and contribute to achievement of the global commitments assumed. Introduction .-- 1. Child and adolescent labour in Latin America and the Caribbean .-- 2. Factorsassociated with child and adolescent labour .-- 3. Child labour measurement and its information sources .-- 4. Proposals for child labour risk estimate at the local level .-- 5. Conclusions.

     

    Export to reference management software   RIS file
      BibTeX file
  10. Child labour risk identification model
    methodology for designing preventive strategies at local level
    Published: 2022
    Publisher:  Naciones Unidas, CEPAL, Santiago

    Considering that it is imperative to provide reliable, comprehensive and timely data that serve as a basis to determine the priorities of national and sub-national action aimed at the prevention and elimination of child labour, the ILO Regional... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Ibero-Amerikanisches Institut Preußischer Kulturbesitz, Bibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan

     

    Considering that it is imperative to provide reliable, comprehensive and timely data that serve as a basis to determine the priorities of national and sub-national action aimed at the prevention and elimination of child labour, the ILO Regional Office for the Americas promoted an alliance with the Economic Commission for Latin America and the Caribbean (ECLAC) in order to jointly generate tools and knowledge that enable the timely identification of children and adolescents who are on the path towards child labour. From this alliance, a tool with two methodologies emerged: the Child Labour Risk Identification Model and the Child Labour Vulnerability Index, which, although with differences, allow —based on the statistical information existing in the countries— to identify the territories in which there is greater probability or vulnerability of child labour and estimate the weight of various risk indicators in the territories, in order to define which multi-sectoral actions are most relevant in them to interrupt the development of child labour. This would enable countries, both at the national and sub-national levels, to have reliable information to design focused and articulated responses, improve the performance and effectiveness of public policies, advance in the achievement of national goals, and contribute to achievement of the global commitments assumed. Introduction .-- 1. Child and adolescent labour in Latin America and the Caribbean .-- 2. Factorsassociated with child and adolescent labour .-- 3. Child labour measurement and its information sources .-- 4. Proposals for child labour risk estimate at the local level .-- 5. Conclusions.

     

    Export to reference management software   RIS file
      BibTeX file
  11. Consumer good search: theory and evidence
    Published: [2021]
    Publisher:  Danmarks Nationalbank, Copenhagen

    I develop a model of the consumer good market where the individual's search decision is consistent with balanced-growth preferences. Here, optimal search is independent of income but increases with the time endowment. I characterize the potentially... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 135
    No inter-library loan

     

    I develop a model of the consumer good market where the individual's search decision is consistent with balanced-growth preferences. Here, optimal search is independent of income but increases with the time endowment. I characterize the potentially multiple equilibria and test whether the model can replicate differences in observed shopping behavior between employed and unemployed individuals. I use the American Time Use Survey to show that unemployed individuals have almost 50% more time available for leisure and shopping and spend 27% more time shopping than the employed. In the calibrated model, however, unemployed individuals will spend around twice as much time shopping as employed individuals. I argue that micro founded goods search models are not yet ready for business cycle analysis and discuss ways of reconciling the model with the data.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/245997
    Series: Working paper / Danmarks Nationalbank ; nr. 176 (20 April 2021)
    Subjects: Research; households
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  12. Cross-border commuting and consuming
    an empirical investigation
    Published: 2013
    Publisher:  bcl, Luxembourg

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Cahier d'études / Banque Centrale du Luxembourg ; 89
    Subjects: cross-border shopping; commuting; consumption; expenditure; households
    Scope: Online-Ressource (35 S.), graph. Darst.
    Notes:

    Zsfassung in dt. Sprache

  13. Distributional impacts of disaster recovery
    Sri Lankan households a decade after the 2004 Indian Ocean tsunami
    Published: 2018
    Publisher:  Victoria University of Wellington, School of Economics and Finance, Wellington

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 241 (2018,5)
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10063/6980
    Series: SEF working paper ; 2018, 5
    Subjects: Sri Lanka; tsunami; households; recovery; inequality
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  14. Do homo sapiens know their prices?
    insights on dysfunctional price mechanisms from a large field experiment
    Published: [2021]
    Publisher:  CER-ETH - Center of Economic Research at ETH Zurich, Zürich

    We use a large, randomized field experiment that exogenously varies prices to test their effect on consumption. Full information is available at zero costs. However, households state prices that are, on average, ten times larger than actual. But... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 590
    No inter-library loan

     

    We use a large, randomized field experiment that exogenously varies prices to test their effect on consumption. Full information is available at zero costs. However, households state prices that are, on average, ten times larger than actual. But ignorant households cannot react to prices and so the price mechanism becomes dysfunctional. Our results explain small or zero price effects from previous research. We show that researchers must provide evidence for a functional price mechanism before ascribing causal effects or risk biased conclusions. The same applies to price instruments that are often regarded as first best solutions.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/233084
    Series: Working paper / CER-ETH - Center of Economic Research at ETH Zurich ; 21, 348 (March 2021)
    Subjects: households; information; price experiment
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  15. Does household behaviour depend on monetary policy?
    evidence from Cyprus
    Published: October 2021
    Publisher:  Central Bank of Cyprus, Nicosia, Cyprus

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 871
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / [Central Bank of Cyprus] ; 2021, 1
    Subjects: HFCS; survey; monetary policy; interest rate; households
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  16. El balance macroeconómico colombiano y por sectores institucionales, 1975-2021: ¿quiénes ahorran y quiénes desahorran y por qué?
    Published: [2022]
    Publisher:  Banco de la Republica Colombia, Bogotá, Colombia

    Access:
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 468
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 20.500.12134/
    Series: Borradores de economía ; núm. 1215 (2022)
    Subjects: Savings; investment; macroeconomic imbalances; households; government; financial corporations; and non-financial corporations
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  17. Energy prices and inflation expectations
    evidence from households and firms
    Published: [2023]
    Publisher:  Deutsche Bundesbank, Frankfurt am Main

    I investigate how households and firms adjust their inflation expectations when experiencing an increase in their energy prices. I use monthly panel survey data in combination with a difference-in-difference approach to show that households increase... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 12
    No inter-library loan

     

    I investigate how households and firms adjust their inflation expectations when experiencing an increase in their energy prices. I use monthly panel survey data in combination with a difference-in-difference approach to show that households increase their inflation expectations when they personally experience an increase in their electricity prices. This result is inconsistent with full-information rational expectations but can be rationalized by households extrapolating their personal experience. The effect is driven by low-income households, households who are uninformed about past inflation, and those not trusting the ECB. Due to households extrapolating, their inflation forecasts become less accurate and diverge more from professional forecasts. Contrary to households, firms do not extrapolate energy price increases to their inflation expectations. Thus, decision-makers in firms form their expectations similarly to high-income households.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783957299628
    Other identifier:
    hdl: 10419/279809
    Series: Discussion paper / Deutsche Bundesbank ; no 2023, 28
    Subjects: inflation expectations; households; firms; energy prices; extrapolation
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  18. Estimating the mortgage default probability in Cyprus
    evidence using micro data
    Published: [2022]
    Publisher:  University of Cyprus, Economics Research Centre, [Nicosia]

    Access:
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economic policy papers ; no. 22, 01 (June 2022)
    Subjects: Eurosystem HFCS; survey; defaults; probability; households
    Scope: 1 Online-Ressource (circa 23 Seiten)
  19. Estimating the mortgage default probability in Cyprus
    evidence using micro data
    Published: June 2022
    Publisher:  Central Bank of Cyprus, Nicosia, Cyprus

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 871
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Central Bank of Cyprus ; 2022, 1
    Subjects: Eurosystem HFCS; survey; defaults; probability; households
    Scope: 1 Online-Ressource (circa 22 Seiten)
  20. Heterogeneidad en el uso de los medios de pago y la banca online
    un análisis a partir de la encuesta financiera de las familias (2002-2020)
    Published: 2023
    Publisher:  Banco de España, Madrid

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 513
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Other identifier:
    Series: Documentos ocasionales / Banco de España ; no. 2308
    Subjects: financial exclusion; means of payment; ownership and use of bank cards; online banking; households
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  21. Heterogeneous loans and the effect of monetary interventions
    Published: July 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63
    No inter-library loan

     

    The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are observed to respond differently. Several possible motivations are behind such a differential response and those relate to either demand and supply factors intrinsic to the transmission mechanism of monetary policy. Our objective is to unveil such a differential response across a couple of relevant dimensions and discuss the possible causes behind what observed. The analysis refers to the US and is based on a vector auto-regression estimated using Bayesian techniques and identified with a combination of sign and zero-restrictions.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/245375
    Series: CESifo working paper ; no. 9194 (2021)
    Subjects: bank loans; non-bank loans; monetary interventions; households; corporate business; non-corporate business; Bayesian VAR
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  22. Hicks in HANK
    fiscal responses to an energy shock
    Published: 2023
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model that we calibrate to the euro area. Energy subsidies can stabilize the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 14
    No inter-library loan

     

    The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model that we calibrate to the euro area. Energy subsidies can stabilize the domestic economy, but are fiscally costly and generate adverse spillovers to the rest of the monetary union: What the subsidizing country gains, the other countries lose. Transfers based on historical energy consumption in the form of a Hicks/Slutsky compensation are less effective domestically as subsidies but do not harm economic activity abroad. In addition, transfers increase welfare at Home while subsidies reduce welfare.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279487
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2056
    Subjects: Energy crisis; Subsidies; Transfers; HANK 2; monetary union; spillovers; heterogeneity; inequality; households
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  23. Hicks in hank
    fiscal responses to an energy shock
    Published: 27 October 2023
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18557
    Subjects: Energy crisis; Subsidies; Transfers; HANK2; monetary union; spillovers,heterogeneity; inequality; households
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  24. Household decisions and the gender gap in job satisfaction
    Published: January 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper offers a novel theoretical explanation for the gender gap in job satisfaction, where women typically report higher job satisfaction than men. We argue that rational family decisions can result in divergent job choices for women and men,... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4
    No inter-library loan

     

    This paper offers a novel theoretical explanation for the gender gap in job satisfaction, where women typically report higher job satisfaction than men. We argue that rational family decisions can result in divergent job choices for women and men, leading to increased job satisfaction but lower earnings for women, even when their preferences and expectations align with those of men. We develop this explanation within a theoretical model of collective household decision-making that considers relative earnings disparities within households. We provide empirical evidence supporting our model's predictions utilizing survey and administrative data from Canada.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/295783
    Series: Discussion paper series / IZA ; no. 16760
    Subjects: job satisfaction; gender gap; households
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  25. Household indebtedness according to the Spanish survey of household finances and the central credit register
    a comparative analysis
    Published: 2022
    Publisher:  Banco de España, Madrid

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 513
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documentos ocasionales / Banco de España ; no. 2205
    Subjects: indebtedness; households; comparative analysis; survey data; administrative data
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen