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Household Debt, Consumption, and Monetary Policy in Australia

Loukoianova, Elena - 2019

, the paper analyzes the impact of a monetary policy shock on households' current consumption and durable expenditures … depends on their debt and income levels. In particular, households with higher debt tend to reduce their current consumption …

Persistent link: https://www.econbiz.de/10012869296

Household Consumption Volatility and Poverty Risk : Case Studies from South Africa and Tanzania

Bellon, Matthieu - 2020

Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption … that reducing consumption volatility would have on aggregate poverty. We then discuss coverage of consumption insurance … are most prevalent and which consumption-smoothing mechanisms are available. In Tanzania, agricultural shocks are an …

Persistent link: https://www.econbiz.de/10012836527

The Ararat Fiscal Strategy Model : A Structural Framework for Fiscal Policy Analysis in Armenia

Babajanyan, Victoria; Baksa, Daniel; Fukac, Martin; … - 2022

in GDP and consumption of 12.9 and 11.7 percent, respectively, and a cumulative loss of GDP of 38 percent for the period …

Persistent link: https://www.econbiz.de/10014081629

The Distributional Impact of a Carbon Tax in Asia and the Pacific

Alonso, Cristian; Kilpatrick, Joey - 2022

While a carbon tax is widely acknowledged as an efficient policy to mitigate climate change, adoption has lagged. Part of the challenge resides in the distributional implications of a carbon tax and a belief that it tends to be regressive. Even when not regressive, poor households could be hurt...

Persistent link: https://www.econbiz.de/10014081631

Fiscal Multipliers and Informality

Colombo, Emilio; Furceri, Davide; Pizzuto, Pietro; … - 2022

This paper investigates the role of informality in affecting the magnitude of the fiscal multiplier in a panel of 141 countries, using the local projections method. We find a strong negative relationship between the degree of informality and the size of the fiscal multiplier. This result holds...

Persistent link: https://www.econbiz.de/10014083505

Assessing Targeted Containment Policies to Fight COVID-19

Checo, Ariadne; Grigoli, Francesco; Mota, Jose M. - 2021

The large economic costs of full-blown lockdowns in response to COVID-19 outbreaks, coupled with heterogeneous mortality rates across age groups, led to question non-discriminatory containment measures. In this paper we provide an assessment of the targeted approach to containment. We propose a...

Persistent link: https://www.econbiz.de/10013250084

Incomplete Financial Markets and the Booming Housing Sector in China

Bayoumi, Tamim A.; Zhao, Yunhui - 2021

Housing is by far the most important asset in Chinese households' balance sheets. However, despite forceful and frequent government interventions, the rise in Chinese housing prices has not been contained as much as intended, a trend that has not been reversed by the COVID-19 shock. In this...

Persistent link: https://www.econbiz.de/10013250096

Housing Price and Household Debt Interactions in Sweden

Turk-Ariss, Rima - 2016

Sweden is experiencing double-digit housing price gains alongside rising household debt. A common interpretation is that mortgage lending boosted by expansionary monetary policy is driving up house prices. But theory suggests the value of housing collateral is also important for household's...

Persistent link: https://www.econbiz.de/10012996083

Hong Kong's Growth Synchronization with China and the U.S : A Trend and Cycle Analysis

He, Dong - 2017

confirms whether real consumption in Hong Kong SAR and mainland China satisfy the permanent income hypothesis, at least in a …

Persistent link: https://www.econbiz.de/10012950438

Labor Market Institutions and the Cost of Recessions

Krebs, Tom - 2017

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment,...

Persistent link: https://www.econbiz.de/10012956472