Results 31 to 40 of about 75,594 (47)
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Consumer Credit Reporting Data
Journal of Economic LiteratureSince the 2000s, economists across fields have increasingly used consumer credit reporting data for research. We introduce readers to the economics and institutional details of these data. Using examples from the literature, we provide practical guidance
Christa Gibbs +5 more
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The Consumption Origins of Business Cycles: Lessons from Sectoral Dynamics
American Economic Journal: MacroeconomicsWe measure the impact of household consumption shocks on aggregate fluctuations. These shocks affect household consumption directly, and production and prices indirectly through their impact on aggregate consumption.
Christian Matthes, Felipe Schwartzman
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Revisiting the Forecasts of Others
Social Science Research NetworkIn macroeconomic models with dispersed information, agents have an incentive to learn from endogenous variables, requiring them to forecast the forecasts of others.
R. Chahrour, Kyle Jurado
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Falling Behind: Has Rising Inequality Fueled the American Debt Boom?
The Review of financial studiesThis paper studies whether the interplay of social comparisons in housing and rising income inequality contributed to the household debt boom in the United States between 1980 and 2007.
Moritz Drechsel-Grau, Fabian Greimel
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Financial Frictions: Micro versus Macro Volatility
The American Economic ReviewWe argue that consumer credit spreads matter for household choices and that time-varying spreads have important distributional consequences. Studying Danish household data, we show that consumer credit spreads have heterogeneous impact on asset dynamics ...
Renato Faccini +4 more
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Mental Accounts and Consumption Sensitivity Across the Distribution of Liquid Assets
Social Science Research NetworkWe study consumption spending responses to predictable income using household-level data from a US financial institution. Even for households with large liquid asset balances, we find no spending in anticipation of income receipt, substantial spending ...
James Graham, Robert McDowall
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MPC Heterogeneity and the Dynamic Response of Consumption to Monetary Policy
American Economic Journal: MacroeconomicsThis paper studies how household financial choices affect the impact of monetary policy on consumption. Based on micro data from four major euro area countries, we estimate key structural parameters using a simulated method of moments approach to match ...
Miguel Ampudia +3 more
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Consumer-Financed Fiscal Stimulus: Evidence from Digital Coupons in China
Social Science Research NetworkIn 2020, local governments in China began issuing digital coupons to stimulate spending in targeted categories such as restaurants and supermarkets. Using data from a large e-commerce platform and a bunching estimation approach, we find that the coupons ...
Jing Ding +3 more
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The Effects of Macroeconomic Shocks: Household Financial Distress Matters
The Review of financial studiesWhen a macroeconomic shock arrives, variation in household balance sheet health (captured by the presence of financial distress, or “FD”) leads to differential access to credit and hence a distribution in consumption responses.
José Mustre-del-Ŕıo +3 more
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Disclosure and Dynamic Risk Sharing with a Large Shareholder
Social Science Research NetworkWe study the effects of disclosure in a dynamic market with imperfect competition. The supply of an asset is determined by a large shareholder with price impact, who trades slowly to diversify away from concentrated ownership.
Davide Cianciaruso, Lin Qiu, Wenjie Xue
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