G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11829
DP11829 The Consumption Response to Positive and Negative Income Changes
Paolo Surico; Philip Bunn
发表日期2017-02-05
出版年2017
语种英语
摘要A set of newly added questions in the 2011 to 2014 Bank of England/NMG Consulting Survey reveals that British households tend to change their consumption by significantly more in reaction to temporary and unanticipated falls in income than to rises of the same size. Household balance sheet characteristics (including the presence of a savings buffer), concerns about credit market access and higher subjective risk of lower future income account for a sizable share of this spending asymmetry and explain significant variation in the marginal propensity to consume across households. Our findings have important implications for predicting the response of aggregate consumption to expansionary and contractionary macroeconomic policies.
主题Monetary Economics and Fluctuations
关键词Mpc asymmetry Household balance sheet Heterogeneity Transmission mechanism
URLhttps://cepr.org/publications/dp11829
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540642
推荐引用方式
GB/T 7714
Paolo Surico,Philip Bunn. DP11829 The Consumption Response to Positive and Negative Income Changes. 2017.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Paolo Surico]的文章
[Philip Bunn]的文章
百度学术
百度学术中相似的文章
[Paolo Surico]的文章
[Philip Bunn]的文章
必应学术
必应学术中相似的文章
[Paolo Surico]的文章
[Philip Bunn]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。