For Juice or Money: The Neural Response to Intertemporal Choice of Primary and Secondary Rewards [PDF]
Martine Lamy
openalex +1 more source
Financial Fragility and the Fiscal Multiplier
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
wiley +1 more source
Why am I obsessed with viewing mukbang ASMR? The roles of mediated voyeurism and intertemporal choice. [PDF]
Jiang N +5 more
europepmc +1 more source
Consumption and Government-Budget Finance in a High-Deficit Economy [PDF]
This paper characterizes empirically how government budget variables, such as spending, taxes, and deficits, affected private-sector consumption in the high-budget-deficit economy of Israel during the first half of the 1980s.
Assaf Razin, Leonardo Leiderman
core
Emotional arousal predicts intertemporal choice.
Karolina M. Lempert +2 more
openalex +1 more source
Monetary Policy When Preferences Are Quasi‐Hyperbolic
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley +1 more source
The date/delay effect in intertemporal choice: A combined fMRI and eye-tracking study. [PDF]
Keidel K +5 more
europepmc +1 more source
Heterogeneity in Imperfect Inflation Expectations: Theory and Evidence from a Novel Survey
Abstract Using survey data from Germany, we study heterogeneity in how households form inflation expectations. We elicit (i) uncertainty in perceptions of current inflation and (ii) how persistent households perceive inflation to be. Combining these with standard survey questions on inflation, we infer laws of motion for expectations at the individual ...
ALISTAIR MACAULAY, JAMES MOBERLY
wiley +1 more source
Intertemporal choice with health-dependent discounting
Holger Strulik
openalex +2 more sources
Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy
Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI +2 more
wiley +1 more source

