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Intratemporal Nonseparability between Housing and Nondurable Consumption : Evidence from Reinvestment in Housing Stock

Khorunzhina, Natalia - 2019

Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households' preferences....

Persistent link: https://www.econbiz.de/10012866381

Monetary Policy Transmission to Consumer Financial Stress and Durable Consumption

Georgarakos, Dimitris - 2019

We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation in household exposure to interest rates generated by...

Persistent link: https://www.econbiz.de/10012866373

Time Variation in Lifecycle Consumption and Income

Aksoy, Yunus - 2020

We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across different periods to identify lifecycle profiles masks...

Persistent link: https://www.econbiz.de/10012839357

Pandemic Consumption

Bachmann, Ruediger; Bayer, Christian; Kornejew, Martin - 2023

This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during … infections per one hundred thousand inhabitants per week. The effect was concentrated among the elderly, whose mortality risk …

Persistent link: https://www.econbiz.de/10014356975

Scarcity and Consumption Priorities

Dahan, Momi; Sayag, Doron - 2023

This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by the share of spending on necessity goods relative to luxury goods in a large national supermarket chain in Israel for the years 2011–2018. Based on detailed weekly revenue...

Persistent link: https://www.econbiz.de/10014358647

Contracts, Biases and Consumption of Access Services

Leider, Stephen - 2012

We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...

Persistent link: https://www.econbiz.de/10013111994

Cross-Country Unemployment Insurance, Transfers, and Trade-Offs in International Risk Sharing

Enders, Zeno; Vespermann, David - 2021

We assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as … analyze the changing dynamics that a EUBS brings about. We find that a EUBS can provide risk sharing by stabilizing relative …-spending shocks. Yet, since this trade-off between allocative efficiency and consumption risk sharing does not exist after certain …

Persistent link: https://www.econbiz.de/10013236196

Economic Policy Uncertainty : Persistence and Cross-Country Linkages

Aikins Abakah, Emmanuel Joel - 2020

This paper provides new evidence on the stochastic behaviour of the EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six of the biggest economies (Canada, France, Japan, US, Ireland, and Sweden) over the period from January 1985 to October 2019. In particular,...

Persistent link: https://www.econbiz.de/10012833734

Conditional volatility and correlations of weekly returns and the VaR analysis of 2008 stock market crash

Pesaran, Bahram; Pesaran, Mohammad Hashem - 2010

making and risk management. Over the past three decades there has been a trend towards increased asset return correlations … models proposed in the literature can be used to formally characterize and quantify market risk. In particular, we ask how … adequate these models are for modelling market risk at times of financial crisis. In doing so we consider a multivariate t …

Persistent link: https://www.econbiz.de/10010276271

Optimal Price Targeting

Smith, Adam N.; Seiler, Stephan; Aggarwal, Ishant - 2021

We examine the proﬁtability of personalized pricing policies that are derived using diﬀerent speciﬁcations of demand in a typical retail setting with consumer-level panel data. We generate pricing policies from a variety of models, including Bayesian hierarchical choice models, regularized...

Persistent link: https://www.econbiz.de/10012799739