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Hasen, David - 2020

Reformers often argue that the welfare benefits of ameliorating inequality are worth the cost in reduced economic efficiency that supposedly results from associated increases in government spending. This paper argues that these arguments are mostly misguided. Focusing solely on the marginal...

Persistent link: https://www.econbiz.de/10012841479

The Impact of the Economic Adjustment Program on Aggregate Private Consumption : The Case of Jordan

alkhulaifi, abdulla s; Abulrazag, Basher; Shotar, Manhal M. - 2006

the success and the effectiveness of the program in reducing the level of private consumption and increasing savings as …

Persistent link: https://www.econbiz.de/10014064476

Consumers' Mobility, Expenditure and Online-Offline Substitution Response to COVID-19 : Evidence from French Transaction Data

Bounie, David - 2020

This paper investigates a number of general phenomena connected with consumer behaviour in response to a severe economic shock, using billions of French card transactions measured before and during the COVID-19 epidemic. We examine changes in consumer mobility, anticipatory behaviour in response...

Persistent link: https://www.econbiz.de/10012835535

The Impact of the COVID-19 Pandemic on Consumption : Learning from High Frequency Transaction Data

Chen, Haiqiang - 2020

We use daily transaction data in 214 cities to study the impact of COVID-19 on consumption after China's outbreak in late January 2020. Based on difference-in-differences estimation, daily offline consumption—via UnionPay card and QR scanner transactions—fell by 32%, or 18.57 million RMB per...

Persistent link: https://www.econbiz.de/10012837874

Commitment vs. Flexibility

Amador, Manuel; Werning, Iván; Angeletos, Marios - 2004

This paper studies the optimal trade-off between commitment and flexibility in an intertemporal consumption/savings … conditions under which the solution takes a simple threshold form where minimum savings policies are optimal. Our analysis is …

Persistent link: https://www.econbiz.de/10014074389

Optimal Unemployment Insurance and International Risk Sharing

Moyen, Stéphane - 2016

We discuss how cross-country unemployment insurance can be used to improve international risk sharing. We use a two-country business cycle model with incomplete financial markets and frictional labor markets where the unemployment insurance scheme operates across both countries. Cross-country...

Persistent link: https://www.econbiz.de/10012981895

Optimal unemployment insurance and international risk sharing

Moyen, Stéphane; Stähler, Nikolai; Winkler, Fabian - 2016

Persistent link: https://www.econbiz.de/10011532638

Optimal Unemployment Insurance and International Risk Sharing

Moyen, Stéphane - 2017

Persistent link: https://www.econbiz.de/10013210422

The Debt to GDP Ratio When Not All Savings Is Used for Consumption

Tanaka, Yasuhito - 2022

note we consider a problem of the debt to GDP ratio when not all savings of consumers of a generation is not used for …. If not all savings of consumers is not used for consumption, demand is insufficient, and we need larger budget deficit to … if not all savings is used for consumption, and the interest rate exceeds the growth rate …

Persistent link: https://www.econbiz.de/10014081736

Reported Preference vs. Revealed Preference : Evidence from the Propensity to Spend Tax Rebates

Parker, Jonathan A. - 2017

We evaluate the consistency of two methods for estimating the effect of an economic policy: i) surveying people to report the change in their behavior caused by the policy, ii) inferring this change using (reported) actual behavior and differences in treatment across people. Both methods have...

Persistent link: https://www.econbiz.de/10012952625