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Liquidity constraints versus loss aversion in household consumption : a simple reconciliation
Treeck, Till van - 2010
asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth …
Persistent link: https://www.econbiz.de/10009306633
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Asymmetric income and wealth effects in a non-linear error correction model of US consumer spending
Treeck, Till van - 2008
asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth … wealth declines can have considerable negative consumption effects in the short run, households have apparently been able, in … the longer run, to substantially increase consumption expenditure following income and wealth increases, but to keep the …
Persistent link: https://www.econbiz.de/10003744543
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The US economy: an update
Sacchetti, Ugo - In: BNL Quarterly Review 58 (2005) 232, pp. 3-20
This article updates one of four trends in the US economy which were highlighted in a previous paper "Whither the US economy" published in 1999 in this Review. It focuses on the developments in the external accounts. In addition to showing a rapid increase in the negative US current account...
Persistent link: https://www.econbiz.de/10010752501
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The US economy: an update
Sacchetti, Ugo - In: Banca Nazionale del Lavoro Quarterly Review 58 (2005) 232, pp. 3-20
This article updates one of four trends in the US economy which were highlighted in a previous paper "Whither the US economy" published in 1999 in this Review. It focuses on the developments in the external accounts. In addition to showing a rapid increase in the negative US current account...
Persistent link: https://www.econbiz.de/10010752550
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Systems estimation of a structural model of distribution and demand in the US economy
Blecker, Robert A.; Cauvel, Michael; Kim, Yun - 2020
Empirical studies of income distribution and aggregate demand using a structural modeling approach typically find that demand is wage-led in most large, advanced economies. These studies have been criticized for estimating the individual equations for consumption, investment, and net exports...
Persistent link: https://www.econbiz.de/10012668954
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The US economy from 1992 to 1998: historical and decomposition simulations with the USAGE model
Rimmer, Maureen; Dixon, Peter - Econometric Society - 2004
USAGE is a 500 industry dynamic computable general equilibrium model of the US economy being developed at Monash University in collaboration with the US International Trade Commission. In common with the MONASH model of Australia, USAGE is designed for four modes of analysis: Historical, where...
Persistent link: https://www.econbiz.de/10005702547
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The US economy since the crisis: slow recovery and secular stagnation
Blecker, Robert A. - In: European Journal of Economics and Economic Policies: … 13 (2016) 2, pp. 203-214
The US economy has experienced a slowdown in its long-term growth and job creation that predates the Great Recession. The stagnation of output growth stems mainly from the depressing effects of rising inequality on aggregate demand, while both increased inequality and the delinkage of employment...
Persistent link: https://www.econbiz.de/10014363266
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Systems estimation of a structural model of distribution and demand in the US economy
Blecker, Robert A.; Cauvel, Michael; Kim, Yun K. - 2020
Empirical studies of income distribution and aggregate demand using a structural modeling approach typically find that demand is wage-led in most large, advanced economies. These studies have been criticized for estimating the individual equations for consumption, investment, and net exports...
Persistent link: https://www.econbiz.de/10012669619
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Body Weight and Labour Market Outcomes in Post-Soviet Russia
Huffman, Sonya K.; Rizov, Marian - Department of Economics, Iowa State University - 2011
This paper estimates the impacts of weight, measured by body mass index (BMI), on employment, wages, and missed work due to illness for Russian adults by gender, in order to better understand the mechanisms through which obesity affects employment, wages, and sick-leave days using recent panel...
Persistent link: https://www.econbiz.de/10009001996
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Keeping up with the Joneses: Other-regarding Preferences and Endogenous Growth
Petach, Luke; Tavani, Daniele - 2017
We study a series of sustained growth models in which households' preferences are affected by the consumption of other households as summarized by average consumption. In endogenous growth models, the equilibrium paths involve lower savings and lower growth than the corresponding efficient...
Persistent link: https://www.econbiz.de/10011731454