Similar Search Results

Spillover effects between the stock market and the real economy in a mixed-frequency agent-based macrofinancial model

Kotb, Naira; Brenneisen, Jan-Niklas; Lengnick, Matthias; … - 2024

This paper illustrates a behavioral mixed frequency macro-finance model where both real and financial variables are generated on a daily basis. Further, while financial sector data is collected at the same frequency as it is generated (i.e. daily), real data can only be collected on a quarterly...

Persistent link: https://www.econbiz.de/10015326010

Effectiveness of monetary transmission and the impact of inflation targeting strategy : evidence from emerging market economies

Abbas, Syed Zia; Iftikhar, Syed Faizan; Alam, Shaista - In: Pakistan journal of applied economics : PJAE 30 (2020) 1, pp. 123-136

The objective of this paper isto investigate the impact of inflation targeting strategy on monetary policy transmission mechanism by estimating the impact of deposit rate on consumption to GDP ratio in emerging market economies. The study considers sixteen years of annual data from 2001 to 2016...

Persistent link: https://www.econbiz.de/10012813914

The effect of borrower-specific loan-to-value policies on household debt, wealth inequality and consumption volatility : an agent-based analysis

Tarne, Ruben; Bezemer, Dirk Johan; Theobald, Thomas - 2021

household debt, wealth inequality and consumption volatility. The households' consumption function, in the model, incorporates a … wealth term and income-dependent marginal propensities to consume. These characteristics cause the consumption … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing …

Persistent link: https://www.econbiz.de/10012659147

The effect of borrower-specific loan-to-value policies on household debt, wealth inequality and consumption volatility: an agent-based analysis

Tarne, Ruben; Bezemer, Dirk Johan; Theobald, Thomas - 2021

household debt, wealth inequality and consumption volatility. The households' consumption function, in the model, incorporates a … wealth term and incomedependent marginal propensities to consume. These characteristics cause the consumption … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing …

Persistent link: https://www.econbiz.de/10012614086

The indirect effects of oil price on consumption through assets

Razmi, Seyedeh Fatemeh; Torki, Leila; Razmi, Mohammad Javad - In: International Journal of Energy Economics and Policy : IJEEP 12 (2022) 1, pp. 236-242

Persistent link: https://www.econbiz.de/10013169807

Transmission mechanisms in HANK : an application to Chile

García, Benjamín; Giarda, Mario; Lizama, Carlos; … - In: Latin American journal of central banking : LAJCB 5 (2024) 3, pp. 1-19

Households in emerging economies are subject to significant income risk and have low access to financial markets. Leveraging multiple administrative microdata sources, this paper documents significant heterogeneity in asset holdings, income, and income cyclicality across the distribution of...

Persistent link: https://www.econbiz.de/10015078277

Differences in euro-area household finances and their relevance for monetary-policy transmission

Hintermaier, Thomas; Koeniger, Winfried - In: Quantitative economics : QE ; journal of the … 15 (2024) 4, pp. 1249-1301

illiquid housing wealth. …

Persistent link: https://www.econbiz.de/10015190142

The cash-flow channel of monetary policy : evidence from billions of transactions

Ahn, SeHyoun; Galaasen, Sigurd Mølster; Mæhlum, Mathis - 2024

We present novel findings on the impact of monetary policy on consumer spending behavior using a newly assembled high-frequency household expenditure panel. Leveraging comprehensive weekly electronic transaction-level data for all individuals in Norway over 13 years, our study sheds light on the...

Persistent link: https://www.econbiz.de/10015324129

Comprehensive Wealth and Future Consumption

Ferreira, Susana; Hamilton, Kirk; Vincent, Jeffrey R. - 2008

Economic theory predicts that the current change in national wealth, broadly defined to include natural and human … effects of three adjustments for population growth, including one that controls for omitted wealth. Although the adjustments …

Persistent link: https://www.econbiz.de/10012561535

Wealth inequality and aggregate demand

Ederer, Stefan; Rehm, Miriam - 2019

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality … of wealth inequality. The paper thereby provides a possible explanation for the instability of demand regimes over time. …

Persistent link: https://www.econbiz.de/10012182882