The Marginal Propensity to Consume in Heterogeneous Agent Models
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Giovanni L. Violante & Greg Kaplan, 2022. "The Marginal Propensity to Consume in Heterogeneous Agent Models," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 747-775, August.
- Violante, Giovanni & Kaplan, Greg, 2022. "The Marginal Propensity to Consume in Heterogeneous Agent Models," CEPR Discussion Papers 17271, C.E.P.R. Discussion Papers.
- Greg Kaplan & Giovanni L. Violante, 2022. "The Marginal Propensity to Consume in Heterogeneous Agent Models," NBER Working Papers 30013, National Bureau of Economic Research, Inc.
References listed on IDEAS
- Matthew Rognlie & Ludwig Straub & Adrien Auclert, 2017.
"The Intertemporal Keynesian Cross,"
2017 Meeting Papers
1587, Society for Economic Dynamics.
- Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2018. "The Intertemporal Keynesian Cross," NBER Working Papers 25020, National Bureau of Economic Research, Inc.
- Adrien Auclert & Ludwig Straub & Matthew Rognlie, 2018. "The Intertemporal Keynesian Cross," 2018 Meeting Papers 999, Society for Economic Dynamics.
- Mariacristina De Nardi & Giulio Fella, 2017.
"Saving and Wealth Inequality,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 280-300, October.
- Mariacristina De Nardi, 2016. "Savings and Wealth Unequality," Annual Meeting Plenary 2016-2, Society for Economic Dynamics.
- De Nardi, Mariacristina & Fella, Giulio, 2017. "Saving and Wealth Inequality," CEPR Discussion Papers 11746, C.E.P.R. Discussion Papers.
- Mariacristina De Nardi & Giulio Fella, 2017. "Saving and Wealth Inequality," Working Papers 823, Queen Mary University of London, School of Economics and Finance.
- Yves Achdou & Jiequn Han & Jean-Michel Lasry & Pierre-Louis Lions & Benjamin Moll, 2017. "Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach," NBER Working Papers 23732, National Bureau of Economic Research, Inc.
- Gelman, Michael, 2021. "What drives heterogeneity in the marginal propensity to consume? Temporary shocks vs persistent characteristics," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 521-542.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2018.
"Monetary Policy According to HANK,"
American Economic Review, American Economic Association, vol. 108(3), pages 697-743, March.
- Gianluca Violante & Benjamin Moll & Greg Kaplan, 2015. "Monetary Policy According to HANK," 2015 Meeting Papers 1507, Society for Economic Dynamics.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2016. "Monetary Policy According to HANK," Working Papers 1602, Council on Economic Policies.
- Kaplan, Greg & Moll, Benjamin & Violante, Giovanni L., 2016. "Monetary policy according to HANK," Working Paper Series 1899, European Central Bank.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2017. "Monetary Policy According to HANK," IMES Discussion Paper Series 17-E-04, Institute for Monetary and Economic Studies, Bank of Japan.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2016. "Monetary Policy According to HANK," NBER Working Papers 21897, National Bureau of Economic Research, Inc.
- Violante, Giovanni & Kaplan, Greg & Moll, Benjamin, 2016. "Monetary Policy According to HANK," CEPR Discussion Papers 11068, C.E.P.R. Discussion Papers.
- Krueger, D. & Mitman, K. & Perri, F., 2016.
"Macroeconomics and Household Heterogeneity,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 843-921,
Elsevier.
- Dirk Krueger & Kurt Mitman & Fabrizio Perri, 2016. "Macroeconomics and Household Heterogeneity," NBER Working Papers 22319, National Bureau of Economic Research, Inc.
- Mitman, Kurt & Krueger, Dirk & Perri, Fabrizio, 2016. "Macroeconomics and Household Heterogeneity," CEPR Discussion Papers 11308, C.E.P.R. Discussion Papers.
- Dirk Krueger & Kurt Mitman & Fabrizio Perri, 2016. "Macroeconomics and Household Heterogeneity," Staff Report 529, Federal Reserve Bank of Minneapolis.
- Mikhail Golosov & Michael Graber & Magne Mogstad & David Novgorodsky, 2021. "How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income," NBER Working Papers 29000, National Bureau of Economic Research, Inc.
- Atif Mian & Kamalesh Rao & Amir Sufi, 2013. "Household Balance Sheets, Consumption, and the Economic Slump," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(4), pages 1687-1726.
- Iván Werning, 2015.
"Incomplete Markets and Aggregate Demand,"
NBER Working Papers
21448, National Bureau of Economic Research, Inc.
- Ivan Werning, 2016. "Incomplete Markets and Aggregate Demand," 2016 Meeting Papers 932, Society for Economic Dynamics.
- Adrien Auclert, 2019.
"Monetary Policy and the Redistribution Channel,"
American Economic Review, American Economic Association, vol. 109(6), pages 2333-2367, June.
- Adrien Auclert, 2015. "Monetary Policy and the Redistribution Channel," 2015 Meeting Papers 381, Society for Economic Dynamics.
- Adrien Auclert, 2017. "Monetary Policy and the Redistribution Channel," NBER Working Papers 23451, National Bureau of Economic Research, Inc.
- Adrien Auclert, 2017. "Monetary Policy and the Redistribution Channel," Working Papers 1706, Council on Economic Policies.
- Jonathan A. Parker & Nicholas S. Souleles, 2019. "Reported Effects versus Revealed-Preference Estimates: Evidence from the Propensity to Spend Tax Rebates," American Economic Review: Insights, American Economic Association, vol. 1(3), pages 273-290, December.
- John Y. Campbell & N. Gregory Mankiw, 1989.
"Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence,"
NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 185-246,
National Bureau of Economic Research, Inc.
- John Y. Campbell & N. Gregory Mankiw, 1989. "Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence," NBER Working Papers 2924, National Bureau of Economic Research, Inc.
- Nakajima, Makoto, 2017.
"Assessing bankruptcy reform in a model with temptation and equilibrium default,"
Journal of Public Economics, Elsevier, vol. 145(C), pages 42-64.
- Makoto Nakajima, 2015. "Assessing bankruptcy reform in a model with temptation and equilibrium default," Working Papers 15-12, Federal Reserve Bank of Philadelphia.
- Makoto Nakajima, 2016. "Assessing Bankruptcy Reform in a Model with Temptation and Equilibrium Default," 2016 Meeting Papers 1330, Society for Economic Dynamics.
- Makoto Nakajima, 2016. "Assessing Bankruptcy Reform in a Model with Temptation and Equilibrium Default," Working Papers 16-21, Federal Reserve Bank of Philadelphia.
- Jonathan A. Parker & Nicholas S. Souleles & David S. Johnson & Robert McClelland, 2013.
"Consumer Spending and the Economic Stimulus Payments of 2008,"
American Economic Review, American Economic Association, vol. 103(6), pages 2530-2553, October.
- Jonathan A. Parker & Nicholas S. Souleles & David S. Johnson & Robert McClelland, 2011. "Consumer Spending and the Economic Stimulus Payments of 2008," NBER Working Papers 16684, National Bureau of Economic Research, Inc.
- Jonathan A. Parker, 2011. "Consumer Spending and the Economic Stimulus Payments of 2008," 2011 Meeting Papers 254, Society for Economic Dynamics.
- Nicholas S. Souleles & Jonathan A. Parker & David S. Johnson, 2006.
"Household Expenditure and the Income Tax Rebates of 2001,"
American Economic Review, American Economic Association, vol. 96(5), pages 1589-1610, December.
- David S. Johnson & Jonathan A. Parker & Nicholas S. Souleles, 2004. "Household Expenditure and the Income Tax Rebates of 2001," NBER Working Papers 10784, National Bureau of Economic Research, Inc.
- Fatih Guvenen, 2007.
"Learning Your Earning: Are Labor Income Shocks Really Very Persistent?,"
American Economic Review, American Economic Association, vol. 97(3), pages 687-712, June.
- Fatih Guvenen, 2005. "Learning Your Earning: Are Labor Income Shocks Really Very Persistent?," Macroeconomics 0507004, University Library of Munich, Germany.
- Fatih Guvenen, 2006. "Learning your earning: are labor income shocks really very persistent?," Discussion Paper / Institute for Empirical Macroeconomics 145, Federal Reserve Bank of Minneapolis.
- Mark Aguiar & Corina Boar & Mark Bils, 2019.
"Who Are the Hand-to-Mouth?,"
2019 Meeting Papers
525, Society for Economic Dynamics.
- Mark A. Aguiar & Mark Bils & Corina Boar, 2020. "Who Are the Hand-to-Mouth?," NBER Working Papers 26643, National Bureau of Economic Research, Inc.
- Richard Blundell & Luigi Pistaferri & Ian Preston, 2008.
"Consumption Inequality and Partial Insurance,"
American Economic Review, American Economic Association, vol. 98(5), pages 1887-1921, December.
- Richard Blundell & Luigi Pistaferri & Ian Preston, 2004. "Consumption inequality and partial insurance," IFS Working Papers W04/28, Institute for Fiscal Studies.
- Epstein, Larry G & Zin, Stanley E, 1991. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis," Journal of Political Economy, University of Chicago Press, vol. 99(2), pages 263-286, April.
- Carroll, Christopher D. & Holm, Martin B. & Kimball, Miles S., 2021.
"Liquidity constraints and precautionary saving,"
Journal of Economic Theory, Elsevier, vol. 195(C).
- Christopher D. Carroll & Miles S. Kimball, 2001. "Liquidity Constraints and Precautionary Saving," NBER Working Papers 8496, National Bureau of Economic Research, Inc.
- Christopher D Carroll & Miles S Kimball, 2001. "Liquidity Constraints and Precautionary Saving," Economics Working Paper Archive 455, The Johns Hopkins University,Department of Economics.
- Tullio Jappelli & Luigi Pistaferri, 2010.
"The Consumption Response to Income Changes,"
Annual Review of Economics, Annual Reviews, vol. 2(1), pages 479-506, September.
- Tullio Jappelli & Luigi Pistaferri, 2009. "The Consumption Response to Income Changes," CSEF Working Papers 237, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Jappelli, Tullio & Pistaferri, Luigi, 2010. "The Consumption Response to Income Changes," CEPR Discussion Papers 7680, C.E.P.R. Discussion Papers.
- Tullio Jappelli & Luigi Pistaferri, 2010. "The Consumption Response to Income Changes," NBER Working Papers 15739, National Bureau of Economic Research, Inc.
- Tullio Jappeli & Luigi Pistaferri, 2009. "The Consumption Response to Income Changes," Discussion Papers 08-052, Stanford Institute for Economic Policy Research.
- Peter Ganong & Damon Jones & Pascal J. Noel & Fiona E. Greig & Diana Farrell & Chris Wheat, 2020.
"Wealth, Race, and Consumption Smoothing of Typical Income Shocks,"
NBER Working Papers
27552, National Bureau of Economic Research, Inc.
- Peter Ganong & Damon Jones & Pascal Noel & Diana Farrell & Fiona Greig & Chris Wheat, 2020. "Wealth, Race, and Consumption Smoothing of Typical Income Shocks," Working Papers 2020-49, Becker Friedman Institute for Research In Economics.
- Andreas Fuster & Greg Kaplan & Basit Zafar, 2021.
"What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans [The Spending and Debt Response to Minimum Wage Hikes],"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1760-1795.
- Andreas Fuster & Greg Kaplan & Basit Zafar, 2018. "What would you do with $500? Spending responses to gains, losses, news, and loans," Staff Reports 843, Federal Reserve Bank of New York.
- Andreas Fuster & Greg Kaplan & Basit Zafar, 2018. "What Would You Do With $500? Spending Responses to Gains, Losses, News and Loans," NBER Working Papers 24386, National Bureau of Economic Research, Inc.
- Christopher D. Carroll, 2001.
"A Theory of the Consumption Function, with and without Liquidity Constraints,"
Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 23-45, Summer.
- Christopher D. Carroll, 2001. "A Theory of the Consumption Function, With and Without Liquidity Constraints (Expanded Version)," NBER Working Papers 8387, National Bureau of Economic Research, Inc.
- Christopher D. Carroll, 2001. "Codes for A Theory of the Consumption Function, With and Without Liquidity Constraints," QM&RBC Codes 37, Quantitative Macroeconomics & Real Business Cycles.
- Jess Benhabib & Alberto Bisin, 2018.
"Skewed Wealth Distributions: Theory and Empirics,"
Journal of Economic Literature, American Economic Association, vol. 56(4), pages 1261-1291, December.
- Jess Benhabib & Alberto Bisin, 2016. "Skewed Wealth Distributions: Theory and Empirics," NBER Working Papers 21924, National Bureau of Economic Research, Inc.
- Greg Kaplan & Giovanni L. Violante & Justin Weidner, 2014.
"The Wealthy Hand-to-Mouth,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 45(1 (Spring), pages 77-153.
- Greg Kaplan & Giovanni L. Violante & Justin Weidner, 2014. "The Wealthy Hand-to-Mouth," NBER Working Papers 20073, National Bureau of Economic Research, Inc.
- Violante, Giovanni & Kaplan, Greg & Weidner, Justin, 2014. "The Wealthy Hand-to-Mouth," CEPR Discussion Papers 9954, C.E.P.R. Discussion Papers.
- Gianluca Violante & Greg Kaplan & Justin Weidner, 2014. "The Wealthy Hand-to-Mouth," 2014 Meeting Papers 192, Society for Economic Dynamics.
- David Laibson, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
- Wang, Neng, 2004. "Precautionary saving and partially observed income," Journal of Monetary Economics, Elsevier, vol. 51(8), pages 1645-1681, November.
- Christopher D. Carroll & Misuzu Otsuka & Jiri Slacalek, 2011.
"How Large Are Housing and Financial Wealth Effects? A New Approach,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(1), pages 55-79, February.
- Christopher D. Carroll & Misuzu Otsuka & Jiri Slacalek, 2011. "How Large Are Housing and Financial Wealth Effects? A New Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(1), pages 55-79, February.
- Carroll, Christopher D. & Slacalek, Jiri & Otsuka, Misuzu, 2010. "How large are housing and financial wealth effects? A new approach," Working Paper Series 1283, European Central Bank.
- Marco Di Maggio & Amir Kermani & Kaveh Majlesi, 2020.
"Stock Market Returns and Consumption,"
Journal of Finance, American Finance Association, vol. 75(6), pages 3175-3219, December.
- Di Maggio, Marco & Kermani, Amir & Majlesi, Kaveh, 2018. "Stock Market Returns and Consumption," Working Paper Series 1198, Research Institute of Industrial Economics.
- Marco Di Maggio & Amir Kermani & Kaveh Majlesi, 2018. "Stock Market Returns and Consumption," NBER Working Papers 24262, National Bureau of Economic Research, Inc.
- Di Maggio, Marco & Kermani, Amir & Majlesi, Kaveh, 2018. "Stock Market Returns and Consumption," Working Papers 2018:1, Lund University, Department of Economics.
- Di Maggio, Marco & Kermani, Amir & Majlesi, Kaveh, 2018. "Stock Market Returns and Consumption," IZA Discussion Papers 11357, Institute of Labor Economics (IZA).
- Daniel J. Lewis & Davide Melcangi & Laura Pilossoph, 2019.
"Latent Heterogeneity in the Marginal Propensity to Consume,"
Staff Reports
902, Federal Reserve Bank of New York.
- Daniel Lewis & Davide Melcangi & Laura Pilossoph, 2019. "Latent Heterogeneity in the Marginal Propensity to Consume," 2019 Meeting Papers 519, Society for Economic Dynamics.
- Gelman, Michael & Kariv, Shachar & Shapiro, Matthew D. & Silverman, Dan & Tadelis, Steven, 2020.
"How individuals respond to a liquidity shock: Evidence from the 2013 government shutdown,"
Journal of Public Economics, Elsevier, vol. 189(C).
- Michael Gelman & Shachar Kariv & Matthew D. Shapiro & Dan Silverman & Steven Tadelis, 2015. "How Individuals Respond to a Liquidity Shock: Evidence from the 2013 Government Shutdown," NBER Working Papers 21025, National Bureau of Economic Research, Inc.
- David Laibson & Peter Maxted & Benjamin Moll, 2021. "Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy," NBER Working Papers 29094, National Bureau of Economic Research, Inc.
- Faruk Gul & Wolfgang Pesendorfer, 2001.
"Temptation and Self-Control,"
Econometrica, Econometric Society, vol. 69(6), pages 1403-1435, November.
- W. Pesendorfer & F. Gul, 1999. "Temptation and Self-Control," Princeton Economic Theory Papers 99f1, Economics Department, Princeton University.
- Bunn, Philip & Le Roux, Jeanne & Reinold, Kate & Surico, Paolo, 2018. "The consumption response to positive and negative income shocks," Journal of Monetary Economics, Elsevier, vol. 96(C), pages 1-15.
- Greg Kaplan & Giovanni L. Violante & Justin Weidner, 2014. "The Wealthy Hand-to-Mouth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(1 (Spring), pages 77-153.
- Orazio Attanasio & Agnes Kovacs & Patrick Moran, 2020. "Temptation and Commitment: A Model of Hand-to-Mouth Behavior," NBER Working Papers 27944, National Bureau of Economic Research, Inc.
- Christopher D. Carroll, 1992. "The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(2), pages 61-156.
- Kanishka Misra & Paolo Surico, 2014.
"Consumption, Income Changes, and Heterogeneity: Evidence from Two Fiscal Stimulus Programs,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 6(4), pages 84-106, October.
- Surico, Paolo & Misra, Kanishka, 2013. "Consumption, Income Changes and Heterogeneity: Evidence from Two Fiscal Stimulus Programmes," CEPR Discussion Papers 9530, C.E.P.R. Discussion Papers.
- Bilbiie, Florin O., 2020.
"The New Keynesian cross,"
Journal of Monetary Economics, Elsevier, vol. 114(C), pages 90-108.
- Bilbiie, Florin, 2017. "The New Keynesian Cross," CEPR Discussion Papers 11989, C.E.P.R. Discussion Papers.
- Helpman, Elhanan, 1981. "Optimal Spending and Money Holdings in the Presence of Liquidity Constraints," Econometrica, Econometric Society, vol. 49(6), pages 1559-1570, November.
- Greg Kaplan & Giovanni L. Violante, 2010.
"How Much Consumption Insurance beyond Self-Insurance?,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 53-87, October.
- Greg Kaplan & Giovanni L. Violante, 2009. "How Much Consumption Insurance Beyond Self-Insurance?," NBER Working Papers 15553, National Bureau of Economic Research, Inc.
- Christina Patterson, 2019. "The Matching Multiplier and the Amplification of Recessions," 2019 Meeting Papers 95, Society for Economic Dynamics.
- Rohan Kekre & Moritz Lenel, 2021. "Monetary Policy, Redistribution, and Risk Premia," NBER Working Papers 28869, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Javier López Segovia, 2023. "Consumption Commitments and Unemployment Insurance," CRC TR 224 Discussion Paper Series crctr224_2023_458, University of Bonn and University of Mannheim, Germany.
- Dirk Krueger & Egor Malkov & Fabrizio Perri, 2023.
"How Do Households Respond to Income Shocks?,"
Staff Report
655, Federal Reserve Bank of Minneapolis.
- Dirk Krueger & Egor Malkov & Fabrizio Perri, 2023. "How Do Households Respond to Income Shocks?," NBER Working Papers 31894, National Bureau of Economic Research, Inc.
- Savoia, Ettore, 2023. "The effects of labor income risk heterogeneity on the marginal propensity to consume," Working Paper Series 2866, European Central Bank.
- Dmitriy Sergeyev & Chen Lian & Yuriy Gorodnichenko, 2023.
"The Economics of Financial Stress,"
NBER Working Papers
31285, National Bureau of Economic Research, Inc.
- Sergeyev, Dmitriy & Lian, Chen & Gorodnichenko, Yuriy, 2023. "The Economics of Financial Stress," IZA Discussion Papers 16318, Institute of Labor Economics (IZA).
- Yugang He, 2023. "Unraveling the COVID-19 Pandemic’s Impact on South Korea’s Macroeconomy: Unearthing Novel Transmission Channels within the Energy Sector and Production Technologies," Energies, MDPI, vol. 16(9), pages 1-10, April.
- Jeanne Commault, 2022.
"How Do Persistent Earnings Affect the Response of Consumption to Transitory Shocks?,"
Working Papers
hal-03870685, HAL.
- Jeanne Commault, 2022. "How Do Persistent Earnings Affect the Response of Consumption to Transitory Shocks?," SciencePo Working papers hal-03870685, HAL.
- Jeanne Commault, 2022. "How Do Persistent Earnings Affect the Response of Consumption to Transitory Shocks?," SciencePo Working papers Main hal-03870685, HAL.
- Francesco Corsello & Marianna Riggi, 2023. "Inflation is not equal for all: the heterogenous effects of energy shocks," Temi di discussione (Economic working papers) 1429, Bank of Italy, Economic Research and International Relations Area.
- Romain Duval & Davide Furceri & Raphaël Lee & Marina M. Tavares, 2024.
"Market power and monetary policy transmission,"
Economica, London School of Economics and Political Science, vol. 91(362), pages 669-700, April.
- Mr. Romain A Duval & Davide Furceri & Raphael Lee & Ms. Marina Mendes Tavares, 2021. "Market Power and Monetary Policy Transmission," IMF Working Papers 2021/184, International Monetary Fund.
- Pieroni, Valerio, 2023. "Energy shortages and aggregate demand: Output loss and unequal burden from HANK," European Economic Review, Elsevier, vol. 154(C).
- Yunho Cho & James Morley & Aarti Singh, 2024.
"Did marginal propensities to consume change with the housing boom and bust?,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(1), pages 174-199, January.
- Yunho Cho & James Morley & Aarti Singh, 2023. "Did Marginal Propensities to Consume Change with the Housing Boom and Bust?," CAMA Working Papers 2023-32, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Kozo UEDA, 2023. "Marginal Propensity to Consume to Two-Time Income Shocks," CIGS Working Paper Series 23-008E, The Canon Institute for Global Studies.
- J r my Boccanfuso, 2022. "Consumption Response Heterogeneity and Dynamics with an Inattention Region," Working Papers wp1172, Dipartimento Scienze Economiche, Universita' di Bologna.
- Tao Wang, 2023. "Perceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models," Staff Working Papers 23-59, Bank of Canada.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2021.
"MPC Heterogeneity and Household Balance Sheets,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 13(4), pages 1-54, October.
- Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2016. "MPC heterogeneity and household balance sheets," Discussion Papers 852, Statistics Norway, Research Department.
- Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2018. "MPC heterogeneity and household balance sheets," Working Papers 4, Department of the Treasury, Ministry of the Economy and of Finance.
- Martin Holm & Gisle Natvik & Andreas Fagereng, 2017. "MPC Heterogeneity and Household Balance Sheets," 2017 Meeting Papers 65, Society for Economic Dynamics.
- Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2018. "MPC Heterogeneity and Household Balance Sheets," CESifo Working Paper Series 7134, CESifo.
- Slacalek, Jiri & Tristani, Oreste & Violante, Giovanni L., 2020.
"Household balance sheet channels of monetary policy: A back of the envelope calculation for the euro area,"
Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
- Violante, Giovanni & , & Tristani, Oreste, 2019. "Household Balance Sheet Channels of Monetary Policy: A Back of the Envelope Calculation for the Euro Area," CEPR Discussion Papers 14245, C.E.P.R. Discussion Papers.
- Jiri Slacalek & Oreste Tristani & Giovanni L. Violante, 2020. "Household Balance Sheet Channels of Monetary Policy: A Back of the Envelope Calculation for the Euro Area," NBER Working Papers 26630, National Bureau of Economic Research, Inc.
- James Cloyne & Clodomiro Ferreira & Paolo Surico, 2020.
"Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(1), pages 102-129.
- Surico, Paolo & Cloyne, James & Ferreira, Clodomiro, 2015. "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism," CEPR Discussion Papers 11023, C.E.P.R. Discussion Papers.
- James Cloyne & Clodomiro Ferreira & Paolo Surico, 2018. "Monetary policy when households have debt: new evidence on the transmission mechanism," Working Papers 1813, Banco de España.
- Cloyne, James & Ferreira, Clodomiro & Surico, Paolo, 2016. "Monetary policy when households have debt: new evidence on the transmission mechanism," Bank of England working papers 589, Bank of England.
- Christina Patterson, 2022. "The Matching Multiplier and the Amplification of Recessions," Working Papers 22-20, Center for Economic Studies, U.S. Census Bureau.
- Edmund Crawley & Andreas Kuchler, 2020. "Consumption Heterogeneity: Micro Drivers and Macro Implications," Finance and Economics Discussion Series 2020-005, Board of Governors of the Federal Reserve System (U.S.).
- Christina Patterson, 2019. "The Matching Multiplier and the Amplification of Recessions," 2019 Meeting Papers 95, Society for Economic Dynamics.
- Adrien Auclert, 2019.
"Monetary Policy and the Redistribution Channel,"
American Economic Review, American Economic Association, vol. 109(6), pages 2333-2367, June.
- Adrien Auclert, 2015. "Monetary Policy and the Redistribution Channel," 2015 Meeting Papers 381, Society for Economic Dynamics.
- Adrien Auclert, 2017. "Monetary Policy and the Redistribution Channel," NBER Working Papers 23451, National Bureau of Economic Research, Inc.
- Adrien Auclert, 2017. "Monetary Policy and the Redistribution Channel," Working Papers 1706, Council on Economic Policies.
- Yunho Cho & James Morley & Aarti Singh, 2024.
"Did marginal propensities to consume change with the housing boom and bust?,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(1), pages 174-199, January.
- Yunho Cho & James Morley & Aarti Singh, 2023. "Did Marginal Propensities to Consume Change with the Housing Boom and Bust?," CAMA Working Papers 2023-32, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Bilbiie, Florin O., 2020.
"The New Keynesian cross,"
Journal of Monetary Economics, Elsevier, vol. 114(C), pages 90-108.
- Bilbiie, Florin, 2017. "The New Keynesian Cross," CEPR Discussion Papers 11989, C.E.P.R. Discussion Papers.
- Albuquerque, Bruno & Green, Georgina, 2023.
"Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data,"
Journal of Macroeconomics, Elsevier, vol. 78(C).
- Bruno Albuquerque & Georgina Green, 2022. "Financial Concerns and the Marginal Propensity to Consume in COVID Times: Evidence from UK Survey Data," IMF Working Papers 2022/047, International Monetary Fund.
- Albuquerque, Bruno & Green, Georgina, 2022. "Financial concerns and the marginal propensity to consume in Covid times: evidence from UK survey data," Bank of England working papers 965, Bank of England.
- Daniel Lewis & Davide Melcangi & Laura Pilossoph, 2019.
"Latent Heterogeneity in the Marginal Propensity to Consume,"
2019 Meeting Papers
519, Society for Economic Dynamics.
- Daniel J. Lewis & Davide Melcangi & Laura Pilossoph, 2019. "Latent Heterogeneity in the Marginal Propensity to Consume," Staff Reports 902, Federal Reserve Bank of New York.
- Hong, Seungki, 2023. "MPCs in an emerging economy: Evidence from Peru," Journal of International Economics, Elsevier, vol. 140(C).
- Cantore, Cristiano & Freund, Lukas B., 2021.
"Workers, capitalists, and the government: fiscal policy and income (re)distribution,"
Journal of Monetary Economics, Elsevier, vol. 119(C), pages 58-74.
- Cantore, C. & Freund, L. B., 2020. "Workers, Capitalists, and the Government: Fiscal Policy and Income (Re)Distribution," Cambridge Working Papers in Economics 2095, Faculty of Economics, University of Cambridge.
- Cantore, Cristiano & Freund, Lukas, 2020. "Workers, capitalists, and the government: fiscal policy and income (re)distribution," Bank of England working papers 858, Bank of England.
- Tao Wang, 2023. "Perceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models," Staff Working Papers 23-59, Bank of Canada.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2018.
"Monetary Policy According to HANK,"
American Economic Review, American Economic Association, vol. 108(3), pages 697-743, March.
- Gianluca Violante & Benjamin Moll & Greg Kaplan, 2015. "Monetary Policy According to HANK," 2015 Meeting Papers 1507, Society for Economic Dynamics.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2017. "Monetary Policy According to HANK," IMES Discussion Paper Series 17-E-04, Institute for Monetary and Economic Studies, Bank of Japan.
- Kaplan, Greg & Moll, Benjamin & Violante, Giovanni L., 2016. "Monetary policy according to HANK," Working Paper Series 1899, European Central Bank.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2016. "Monetary Policy According to HANK," Working Papers 1602, Council on Economic Policies.
- Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2016. "Monetary Policy According to HANK," NBER Working Papers 21897, National Bureau of Economic Research, Inc.
- Violante, Giovanni & Kaplan, Greg & Moll, Benjamin, 2016. "Monetary Policy According to HANK," CEPR Discussion Papers 11068, C.E.P.R. Discussion Papers.
- Cumming, Fergus, 2022.
"Mortgage cash-flows and employment,"
European Economic Review, Elsevier, vol. 144(C).
- Fergus Cumming, 2019. "Mortgage Cash-flows and Employment," Discussion Papers 1922, Centre for Macroeconomics (CFM).
- Bilbiie, Florin O. & Känzig, Diego R. & Surico, Paolo, 2022.
"Capital and income inequality: An aggregate-demand complementarity,"
Journal of Monetary Economics, Elsevier, vol. 126(C), pages 154-169.
- Bilbiie, Florin & Känzig, Diego & Surico, Paolo, 2019. "Capital and Income Inequality: An Aggregate-Demand Complementarity," CEPR Discussion Papers 14118, C.E.P.R. Discussion Papers.
- Anna Sokolova, 2023.
"Marginal Propensity to Consume and Unemployment: a Meta-analysis,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 813-846, December.
- Anna Sokolova, 2023. "Code and data files for "Marginal Propensity to Consume and Unemployment: a Meta-analysis"," Computer Codes 23-112, Review of Economic Dynamics.
- Florin Bilbiie & Xavier Ragot, 2021.
"Optimal Monetary Policy and Liquidity with Heterogeneous Households,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 71-95, July.
- Bilbiie, Florin & Ragot, Xavier, 2017. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," CEPR Discussion Papers 11814, C.E.P.R. Discussion Papers.
- Florin Bilbiie & Xavier Ragot, 2017. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," SciencePo Working papers hal-03471839, HAL.
- Florin Bilbiie & Xavier Ragot, 2017. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," Working Papers hal-03471839, HAL.
- Florin O Bilbiie & Xavier Ragot, 2020. "Optimal monetary policy and liquidity with heterogeneous households," SciencePo Working papers Main hal-03100875, HAL.
- Florin Bilbiie & Xavier Ragot, 2021. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," Post-Print hal-03501417, HAL.
- Florin Bilbiie & Xavier Ragot, 2017. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," SciencePo Working papers Main hal-03471839, HAL.
- Florin Bilbiie & Xavier Ragot, 2021. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," SciencePo Working papers Main hal-03501417, HAL.
- Florin Bilbiie & Xavier Ragot, 2017. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03471839, HAL.
- Florin Bilbiie & Xavier Ragot, 2017. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," Sciences Po Economics Discussion Papers 2017-02, Sciences Po Departement of Economics.
- Florin O Bilbiie & Xavier Ragot, 2020. "Optimal monetary policy and liquidity with heterogeneous households," Post-Print hal-03100875, HAL.
- Florin Bilbiie & Xavier Ragot, 2017. "Optimal Monetary Policy and Liquidity with Heterogeneous Households," Sciences Po publications 2017-02, Sciences Po.
- David Cashin & Jamie Lenney & Byron Lutz & William Peterman, 2018.
"Fiscal policy and aggregate demand in the USA before, during, and following the Great Recession,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(6), pages 1519-1558, December.
- David B. Cashin & Jamie Lenney & Byron F. Lutz & William B. Peterman, 2017. "Fiscal Policy and Aggregate Demand in the U.S. Before, During and Following the Great Recession," Finance and Economics Discussion Series 2017-061, Board of Governors of the Federal Reserve System (U.S.).
More about this item
Keywords
Borrowing Constraints; Consumption; Income Risk; Hand-to-Mouth; Heterogeneity; Liquidity; Marginal Propensity to Consume; Market Incompleteness; Wealth Distribution;All these keywords.
JEL classification:
- D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
- G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2022-03-14 (Dynamic General Equilibrium)
- NEP-FDG-2022-03-14 (Financial Development and Growth)
- NEP-MAC-2022-03-14 (Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pri:econom:2021-9. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bobray Bordelon (email available below). General contact details of provider: https://economics.princeton.edu/working-papers/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.