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Global Climate Change and the Resurgence of Tropical Disease : An Economic Approach

Gollin, Douglas - 2014

We study the impact of global climate change on the prevalence of tropical diseases using a heterogeneous agent dynamic general equilibrium model. In our framework, households can take actions (e.g., purchasing bednets or other goods) that provide partial protection from disease. However, these...

Persistent link: https://www.econbiz.de/10013069615

Private Debt Overhang and the Government Spending Multiplier : Evidence for the United States

Bernardini, Marco - 2015

Using state-dependent local projection methods and historical U.S. data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, we find significant crowding-out of personal consumption and investment in low-debt states, resulting...

Persistent link: https://www.econbiz.de/10013024365

Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession

Agarwal, Sumit - 2015

We examine the ability of policymakers to stimulate household borrowing and spending during the Great Recession by …

Persistent link: https://www.econbiz.de/10013013488

GDP Growth, Private Debt and Monetary Policy

Cafiso, Gianluca - 2017

Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt. This is the marginal contribution of private...

Persistent link: https://www.econbiz.de/10012953691

The Effect of Household Debt on Aggregate Demand - The Case of Spain

Jauch, Sebastian - 2013

Households in some European countries increased their indebtedness massively over the past 20 years. Besides household … strong link between household sector debt and aggregate demand. We strengthen these results by an analysis for Spanish … provinces. The level of household debt in the Spanish provinces is highly significant for changes in aggregate demand that …

Persistent link: https://www.econbiz.de/10013090255

Sovereigns Versus Banks : Credit, Crises, and Consequences

Jordà, Òscar - 2014

Two separate narratives have emerged in the wake of the Global Financial Crisis. One interpretation speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and...

Persistent link: https://www.econbiz.de/10013062419

Private Debt and GDP : A Short-Run Perspective

Cafiso, Gianluca - 2021

Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the focus from the long to the short-run and study whether...

Persistent link: https://www.econbiz.de/10013315475

A Collective Household Model of Time Allocation - a Comparison of Native Dutch and Immigrant Households in the Netherlands

Klaveren, Chris van - 2008

time to different activities. In order to do so, we empirically estimate a collective household labor supply model. The … main findings are that: (1) Leisure and household income are the most important variables in the utility function of the … male. (2) Leisure, total household production and total household production interacted with family size are important …

Persistent link: https://www.econbiz.de/10012774044

The Effect of Benefits Level on Take-Up Rates : Evidence from a Natural Experiment

Dahan, Momi - 2013

This paper exploits a quasi-natural experiment to study the effect of social benefits level on take-up rates. We find that households who are eligible for double benefits (twins) have much higher take-up rate - up to double - as compared to a control group of households. Our estimated effect of...

Persistent link: https://www.econbiz.de/10012754036

MPC Heterogeneity and Household Balance Sheets

Fagereng, Andreas - 2019

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

Persistent link: https://www.econbiz.de/10012898430