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The Review of Economics and Statistics, ISSN 0034-6535, 11/2012, Volume 94, Issue 4, pp. 1081 - 1096
Journal Article
Journal of Money, Credit and Banking, ISSN 0022-2879, 2/2011, Volume 43, Issue 1, pp. 55 - 79
This paper presents a simple new method for measuring "wealth effects" on aggregate consumption. The method exploits the stickiness of consumption growth... 
Consumer behavior | Consumer economics | Marginal propensity to consume | Consumer spending | Macroeconomics | Housing | Coefficients | Wealth effect | Wealth | Estimation methods | C22 | consumption dynamics | E21 | E32 | asset prices | wealth effect | housing wealth | Asset prices | Consumption dynamics | Housing wealth | PRICES | HABIT FORMATION | LIFETIME PORTFOLIO SELECTION | BUSINESS, FINANCE | ECONOMICS | CONSUMPTION | CYCLE
Journal Article
The B.E. Journal of Macroeconomics, ISSN 1935-1690, 10/2009, Volume 9, Issue 1, p. 37
A BEJM Topics article. Abstract I investigate the effect of wealth on consumption in a new dataset with financial and housing wealth from 16 countries. The... 
Consumption dynamics | Housing prices | Wealth effect | TESTS | consumption dynamics | PANEL | HABIT FORMATION | wealth effect | RATIO | COINTEGRATION | MODELS | INCOME | HYPOTHESIS | housing prices | ECONOMICS | CYCLE
Journal Article
Quantitative Economics, ISSN 1759-7323, 11/2017, Volume 8, Issue 3, pp. 977 - 1020
In a model calibrated to match micro‐ and macroeconomic evidence on household income dynamics, we show that a modest degree of heterogeneity in household... 
inequality | D31 | D12 | E21 | marginal propensity to consume | Wealth distribution | D91 | heterogeneity | LIFE-CYCLE | PANEL | HOUSEHOLD CONSUMPTION | ECONOMIC STIMULUS PAYMENTS | FISCAL-POLICY | DEBT | INCOME | ECONOMICS | INCOMPLETE MARKETS | HETEROGENEOUS AGENTS | Distribution (Economics) | Central banks | Macroeconomics | Analysis | Wealth | Propensity to consume | Economic models
Journal Article
The American Economic Review, ISSN 0002-8282, 5/2014, Volume 104, Issue 5, pp. 107 - 111
Using a standard, realistically calibrated model of buffer-stock saving with transitory and permanent income shocks, we study how cross-country differences in... 
Distribution of wealth | Income inequality | Income distribution | Economic models | Liquid assets | Household consumption | PERSPECTIVES ON CONSUMPTION | Consumption function | Quantitative economic models | Transitory income | Wealth | ECONOMICS | Distribution (Economics) | Usage | Consumption (Economics) | Analysis | Liquidity (Finance) | Studies | Economic theory
Journal Article
The Review of Economics and Statistics, ISSN 0034-6535, 11/2011, Volume 93, Issue 4, pp. 1135 - 1145
Journal Article
Economics Letters, ISSN 0165-1765, 07/2015, Volume 132, pp. 97 - 100
We modify the widely-used Krusell and Smith (1998) model (KS) to accommodate an income process with permanent and transitory components. Appropriately... 
Wealth inequality | Household income process | Household heterogeneity | ECONOMICS | Analysis | Central banks
Journal Article
Journal of Policy Modeling, ISSN 0161-8938, 01/2016, Volume 38, Issue 1, pp. 181 - 197
We propose a simple and transparent tool to extend household-level data from the Household Finance and Consumption Survey using aggregate series and... 
Financial pressure | Household heterogeneity | Household Finance and Consumption Survey | Great Recession | Wealth effect | BALANCE SHEETS | INEQUALITY | ECONOMICS | CONSUMPTION | Consumption (Economics) | Central banks | Households | Unemployment
Journal Article
Economics letters, ISSN 0165-1765, 07/2015, Volume 132, pp. 97 - 97
We modify the widely-used Krusell and Smith (1998) model (KS) to accommodate an income process with permanent and transitory components. Appropriately... 
Journal Article
Economics Letters, ISSN 0165-1765, 07/2015, Volume 132, p. 97
  We modify the widely-used Krusell and Smith (1998) model (KS) to accommodate an income process with permanent and transitory components. Appropriately... 
Studies | Economic models | Buffer stocks | Wealth
Journal Article
Journal of Money, Credit and Banking, ISSN 0022-2879, 10/2008, Volume 40, Issue 7, pp. 1513 - 1519
Journal Article
International Journal of Central Banking, ISSN 1815-4654, 06/2016, Volume 12, Issue 2, pp. 1 - 13
The following three articles summarize the evidence on assets, liabilities, and saving of households from fifteen European countries from a new data set, the... 
BUSINESS, FINANCE
Journal Article
The Review of Economics and Statistics, ISSN 0034-6535, 11/2012, Volume 94, Issue 4, p. 1081
  We investigate determinants of disagreement--cross-sectional dispersion of individual forecasts--about key economic indicators. Disagreement about economic... 
Studies | Economic indicators | Economic forecasts | International
Journal Article
Review of economics and statistics, ISSN 0034-6535, 11/2012, Volume 94, Issue 4, pp. 1081 - 1096
We investigate determinants of disagreement--cross-sectional dispersion of individual forecasts--about key economic indicators. Disagreement about economic... 
Journal Article
B.E. journal of macroeconomics, ISSN 1935-1690, 10/2009, Volume 9, Issue 1
I investigate the effect of wealth on consumption in a new dataset with financial and housing wealth from 16 countries. The baseline estimation method based on... 
Journal Article
Review of economics and statistics, ISSN 0034-6535, 11/2011, Volume 93, Issue 4, pp. 1135 - 1145
This paper estimates the degree of stickiness in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced... 
Sticky consumption
Journal Article
The Review of Economics and Statistics, ISSN 0034-6535, 11/2011, Volume 93, Issue 4, p. 1135
This paper estimates the degree of stickiness in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced... 
Studies | Consumption | Economic models | Economic growth | International
Journal Article
Quantitative Economics, ISSN 1759-7323, 11/2017, Volume 8, Issue 3, pp. 977 - 1020
Journal Article
The B.E. Journal of Macroeconomics, ISSN 1935-1690, 2009, Volume 9, Issue 37
I investigate the effect of wealth on consumption in a new dataset with financial and housing wealth from 16 countries. The baseline estimation method based on... 
housing prices; wealth effect; consumption dynamics
Journal Article
Journal of Policy Modeling, ISSN 0161-8938, 01/2016, Volume 38, Issue 1, p. 181
  We propose a simple and transparent tool to extend household-level data from the Household Finance and Consumption Survey using aggregate series and... 
Studies | Consumption | Recessions | Family income | Consumer spending | Unemployment
Journal Article
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