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Disentangling the wealth effect: some international evidence

Sierminska, Eva; Takhtamanova, Yelena - In: FRBSF Economic Letter (2007)

in some detail the wealth effect in three countries, Canada, Finland, and Italy (Sierminska and Takhtamanova 2007). First …, we investigate whether consumption responds differently to changes in housing and financial wealth. Second, we … investigate whether there are differences in consumption responses to changes in wealth across different age groups. …

Persistent link: https://www.econbiz.de/10005346425

U.S. household deleveraging and future consumption growth

Glick, Reuven; Lansing, Kevin J. - In: FRBSF Economic Letter (2009)

This Economic Letter discusses how a deleveraging of the U.S. household sector might affect the growth rate of consumption going forward.

Persistent link: https://www.econbiz.de/10004998034

Interpreting the Great Moderation: changes in the volatility of economic activity at the macro and micro Levels

Davis, Steven J.; Kahn, James A. - Federal Reserve Bank of New York - 2008

We review evidence on the Great Moderation together with evidence about volatility trends at the micro level to develop a potential explanation for the decline in aggregate volatility since the 1980s and its consequences. The key elements are declines in firm-level volatility and aggregate...

Persistent link: https://www.econbiz.de/10004994124

Housing and the economic recovery

Dudley, William C. - In: Speech (2012) Jan 6

Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.

Persistent link: https://www.econbiz.de/10009416025

Credit, housing collateral and consumption: evidence from the UK, Japan and the US

Aron, Janine; Duca, John V.; Muellbauer, John; Murata, Keiko - Federal Reserve Bank of Dallas - 2010

of housing wealth was enhanced by financial innovations, such as home equity loans. The estimated housing collateral …

Persistent link: https://www.econbiz.de/10008598659

The outlook, policy choices and our mandate

Dudley, William - In: Speech (2010) Oct 1

Remarks at the at the Society of American Business Editors and Writers Fall Conference, City University of New York, Graduate School of Journalism, New York City.

Persistent link: https://www.econbiz.de/10008676454

Global household leverage, house prices, and consumption

Glick, Reuven; Lansing, Kevin J. - In: FRBSF Economic Letter (2010)

Household leverage in the United States and many industrial countries increased dramatically in the decade prior to 2007. Countries with the largest increases in household leverage tended to experience the fastest rises in house prices over the same period. These same countries tended to...

Persistent link: https://www.econbiz.de/10008535566

Short-run fiscal policy: welfare, redistribution, and aggregate effects in the short and long run

Kitao, Sagiri - Federal Reserve Bank of New York - 2010

This paper quantifies the effects of two short-run fiscal policies, a temporary tax cut and a temporary rebate transfer, that are intended to stimulate economic activity. A reduction in income taxation provides immediate incentives to work and save more, raising aggregate output and consumption....

Persistent link: https://www.econbiz.de/10008616999

Regional and national economic conditions

Dudley, William C. - In: Speech (2012) Sep 18

Remarks before the Morris County Chamber of Commerce, Florham Park, New Jersey.

Persistent link: https://www.econbiz.de/10010585864

Improving the measurement of inflation expectations

Potter, Simon M. - In: Speech (2012) June 7

Remarks at the Barclays 16th Annual Global Inflation-Linked Conference, New York City.

Persistent link: https://www.econbiz.de/10010552100