to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and … motive can account for both the time profile of consumption responses and their systematic co-variation with observables …

contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information …

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …

-as-you-go (PAYG) pension system with a statutory retirement date. This introduces a life-cycle in human wealth earnings and implies …

countries not exposed to the VAT shock. Income, wealth effects, or intratemporal substitution cannot explain these results …Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural …

Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price … study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … (VAT) effective in 2007. This shock increased German households' inflation expectations during 2006, as well as actual …

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for … the effectiveness of such policies using changes in value-added tax (VAT) and household survey data for Poland. We find …

below-ground wealth, complemented by additional precautionary savings at initial times to build up a small liquidity fund to …

. Comparison is made between the case when individuals have access to a competitive annuity market and the case of no insurance …