The cost of unanticipated household finance shocks : two examples
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Huggett, Mark & Ventura, Gustavo, 2000.
"Understanding why high income households save more than low income households,"
Journal of Monetary Economics, Elsevier, vol. 45(2), pages 361-397, April.
- Mark Huggett & Gustavo Ventura, 1995. "Understanding why high income households save more than low income households," Discussion Paper / Institute for Empirical Macroeconomics 106, Federal Reserve Bank of Minneapolis.
- Mark Huggett & Gustavo Ventura, 1997. "Understanding Why High Income Households Save More Than Low Income Households," Working Papers 9701, Centro de Investigacion Economica, ITAM.
- Storesletten, Kjetil & Telmer, Christopher I. & Yaron, Amir, 2004.
"Consumption and risk sharing over the life cycle,"
Journal of Monetary Economics, Elsevier, vol. 51(3), pages 609-633, April.
- Kjetil Storesletten & Chris Telmer & Amir Yaron, 1997. "Consumption and risk sharing over the life cycle," GSIA Working Papers 228, Carnegie Mellon University, Tepper School of Business.
- Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2000. "Consumption and Risk Sharing Over the Life Cycle," NBER Working Papers 7995, National Bureau of Economic Research, Inc.
- Storesletten, Kjetil & Telmer, Chris & Yaron, Amir, 2002. "Consumption and Risk Sharing Over the Life Cycle," Seminar Papers 702, Stockholm University, Institute for International Economic Studies.
- Huggett, Mark, 1996. "Wealth distribution in life-cycle economies," Journal of Monetary Economics, Elsevier, vol. 38(3), pages 469-494, December.
- Athreya, Kartik B., 2008. "Default, insurance, and debt over the life-cycle," Journal of Monetary Economics, Elsevier, vol. 55(4), pages 752-774, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Davis, Andrew & Kim, Jiseob, 2017. "Explaining changes in the US credit card market: Lenders are using more information," Economic Modelling, Elsevier, vol. 61(C), pages 76-92.
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.- Heer, Burkhard & Maußner, Alfred, 2012.
"The Burden Of Unanticipated Inflation: Analysis Of An Overlapping-Generations Model With Progressive Income Taxation And Staggered Prices,"
Macroeconomic Dynamics, Cambridge University Press, vol. 16(2), pages 278-308, April.
- Heer, Burkhard & Maußner, Alfred & McNelis, Paul D., 2011. "The money-age distribution: Empirical facts and the limits of three monetary models," Journal of Macroeconomics, Elsevier, vol. 33(3), pages 390-405, September.
- Burkhard Heer; Alfred Maussner, 2005. "Distributional Effects of Monetary Policies in a New Neoclassical Model with Progressive Income Taxation," Computing in Economics and Finance 2005 12, Society for Computational Economics.
- Burkhard Heer & Alfred Maussner & Paul McNelis, 2006. "The money-age distribution: Empirical facts and economic modelling," Computing in Economics and Finance 2006 191, Society for Computational Economics.
- Carlos Hatchondo, Juan & Martinez, Leonardo & Sánchez, Juan M., 2015.
"Mortgage defaults,"
Journal of Monetary Economics, Elsevier, vol. 76(C), pages 173-190.
- Juan Carlos Hatchondo & Leonardo Martinez & Juan M. Sanchez, 2011. "Mortgage defaults," Working Paper 11-05, Federal Reserve Bank of Richmond.
- Juan Carlos Hatchondo & Leonardo Martinez & Juan M. Sanchez, 2015. "Mortgage Defaults," CAEPR Working Papers 2015-011, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Juan Carlos Hatchondo & Leonardo Martinez & Juan M. Sanchez, 2011. "Mortgage defaults," Working Papers 2011-019, Federal Reserve Bank of St. Louis.
- Mr. Leonardo Martinez & Juan Carlos Hatchondo & Mr. Juan M. Sanchez, 2012. "Mortgage Defaults," IMF Working Papers 2012/026, International Monetary Fund.
- Athreya, Kartik B., 2008. "Default, insurance, and debt over the life-cycle," Journal of Monetary Economics, Elsevier, vol. 55(4), pages 752-774, May.
- Kartik B. Athreya & Devin Reilly, 2009. "Consumption smoothing and the measured regressivity of consumption taxes," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Win), pages 75-100.
- Richard M. H. Suen, 2014.
"Time Preference And The Distributions Of Wealth And Income,"
Economic Inquiry, Western Economic Association International, vol. 52(1), pages 364-381, January.
- Richard M. H. Suen, 2010. "Time Preference and the Distributions of Wealth and Income," Working Papers 201004, University of California at Riverside, Department of Economics, revised Feb 2010.
- Richard M. H. Suen, 2012. "Time Preference and the Distribution of Wealth and Income," Working papers 2012-01, University of Connecticut, Department of Economics.
- Suen, Richard M. H., 2010. "Time Preference and the Distributions of Wealth and Income," MPRA Paper 26021, University Library of Munich, Germany.
- Greg Kaplan, 2012.
"Inequality and the life cycle,"
Quantitative Economics, Econometric Society, vol. 3(3), pages 471-525, November.
- Greg Kaplan, 2007. "Inequality and the Lifecycle," 2007 Meeting Papers 262, Society for Economic Dynamics.
- Greg Kaplan, 2010. "Inequality and the Lifecycle," 2010 Meeting Papers 135, Society for Economic Dynamics.
- Greg Kaplan, 2011. "Inequality and the Lifecycle," PIER Working Paper Archive 11-014, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Claudio Campanale, 2007.
"Increasing Returns to Savings and Wealth Inequality,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 646-675, October.
- Claudio Campanale, 2005. "Increasing Returns To Savings And Wealth Inequality," Working Papers. Serie AD 2005-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Claudio Campanale, 2005. "Increasing Returns to Saving and Wealth Inequality," CeRP Working Papers 45, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Tatyana Koreshkova & Karen A. Kopecky, 2009.
"The Impact of Medical and Nursing Home Expenses and Social Insurance Policies on Savings and Inequality,"
2009 Meeting Papers
46, Society for Economic Dynamics.
- Kopecky, Karen A. & Koreshkova, Tatyana, 2009. "The Impact of Medical and Nursing Home Expenses and Social Insurance Policies on Savings and Inequality," MPRA Paper 16197, University Library of Munich, Germany.
- Karen Kopecky & Tatyana Koreshkova, 2009. "The Impact of Medical and Nursing Home Expenses and Social Insurance Policies on Savings and Inequality," Working Papers 09006, Concordia University, Department of Economics.
- 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.
- Kazutoshi Miyazawa, 2006.
"Growth and inequality: a demographic explanation,"
Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(3), pages 559-578, July.
- Kazutoshi Miyazawa, 2005. "Growth and Inequality: A Demographic Explanation," STICERD - Distributional Analysis Research Programme Papers 75, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Miyazawa, Kazutoshi, 2005. "Growth and inequality: a demographic explanation," LSE Research Online Documents on Economics 6546, London School of Economics and Political Science, LSE Library.
- Hendricks, Lutz, 2007.
"How important is discount rate heterogeneity for wealth inequality?,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(9), pages 3042-3068, September.
- Hendricks, Lutz A., 1970. "How Important is Discount Rate Heterogeneity for Wealth Inequaltity," Staff General Research Papers Archive 12724, Iowa State University, Department of Economics.
- Lutz Hendricks, 2005. "How Important is Discount Rate Heterogeneity for Wealth Inequality?," CESifo Working Paper Series 1604, CESifo.
- Lutz Hendricks, 2006. "How Important Is Discount Rate Heterogeneity for Wealth Inequality?," 2006 Meeting Papers 124, Society for Economic Dynamics.
- Joseph G. Altonji & Anthony A. Smith Jr. & Ivan Vidangos, 2013.
"Modeling Earnings Dynamics,"
Econometrica, Econometric Society, vol. 81(4), pages 1395-1454, July.
- Ivan Vidangos & Joseph G. Altonji & Anthony Smith, 2005. "Modeling Earnings Dynamics," 2005 Meeting Papers 259, Society for Economic Dynamics.
- Joseph G. Altonji & Anthony Smith & Ivan Vidangos, 2009. "Modeling Earnings Dynamics," NBER Working Papers 14743, National Bureau of Economic Research, Inc.
- Joseph Altonji, 2012. "Modeling Earnings Dynamics," 2012 Meeting Papers 1180, Society for Economic Dynamics.
- Joseph Altonji & Anthony Smith & Ivan Vidangos, 2009. "Modeling earnings dynamics," Finance and Economics Discussion Series 2009-08, Board of Governors of the Federal Reserve System (U.S.).
- Kjetil Storesletten & Chris Telmer & Amir Yaron, 2007.
"Asset Pricing with Idiosyncratic Risk and Overlapping Generations,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 519-548, October.
- Kjetil Storesletten & Chris Telmer & Amir Yaron, "undated". "Asset pricing with idiosyncratic risk and overlapping generations," GSIA Working Papers 226, Carnegie Mellon University, Tepper School of Business.
- Yaron, Amir & Storesletten, Kjetil & Telmer, Chris, 2001. "Asset Pricing with Idiosyncratic Risk and Overlapping Generations," CEPR Discussion Papers 3065, C.E.P.R. Discussion Papers.
- Storesletten, Kjetil & Telmer, Chris & Yaron, Amir, 2002. "Asset pricing with idiosyncratic risk and overlapping generations," Seminar Papers 703, Stockholm University, Institute for International Economic Studies.
- Kjetil Storesletten & Chris Telmer & Amir Yaron, 1996. "Asset pricing with idiosyncratic risk and overlapping generations," Economics Working Papers 405, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 1999.
- Brant Abbott & Giovanni Gallipoli, 2022.
"Permanent‐income inequality,"
Quantitative Economics, Econometric Society, vol. 13(3), pages 1023-1060, July.
- Giovanni Gallipoli & Brant Abbott, 2017. ""Permanent Income" Inequality," 2017 Meeting Papers 1033, Society for Economic Dynamics.
- Brant Abbott & Giovanni Gallipoli, 2019. "Permanent-Income Inequality," Working Paper 1411, Economics Department, Queen's University.
- Brant Abbott & Giovanni Gallipoli, 2019. "Permanent-Income Inequality," Working Papers 2019-011, Human Capital and Economic Opportunity Working Group.
- Gallipoli, Giovanni & Abbott, Brant, 2019. "Permanent-Income Inequality," CEPR Discussion Papers 13540, C.E.P.R. Discussion Papers.
- Marco Cozzi, 2018. "Optimal Capital Taxation with Incomplete Markets and Schumpeterian Growth," Department Discussion Papers 1803, Department of Economics, University of Victoria.
- Makoto Nakajima, 2012.
"Rising indebtedness and temptation: A welfare analysis,"
Quantitative Economics, Econometric Society, vol. 3(2), pages 257-288, July.
- Makoto Nakajima, 2011. "Rising indebtedness and temptation: a welfare analysis," Working Papers 11-39, Federal Reserve Bank of Philadelphia.
- Pedro Cavalcanti Ferreira & Marcelo Rodrigues dos Santos, 2013.
"The Effect of Social Security, Health, Demography and Technology on Retirement,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(2), pages 350-370, April.
- Marcelo Santos & Pedro Cavalcanti Ferreira, 2011. "The Effect of Social Security, Health, Demography and Technology on Retirement," 2011 Meeting Papers 903, Society for Economic Dynamics.
- Ferreiray, Pedro Cavalcanti & Santos, Marcelo Rodrigues, 2012. "The Effect of Social Security, Health, Demography and Technology on Retirement," Insper Working Papers wpe_274, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
- Ferreira, Pedro Cavalcanti & Santos, Marcelo Rodrigues dos, 2012. "The effect of social security, health, demography and technology on retirement," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 727, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Huggett, Mark & Ventura, Gustavo & Yaron, Amir, 2006.
"Human capital and earnings distribution dynamics,"
Journal of Monetary Economics, Elsevier, vol. 53(2), pages 265-290, March.
- Mark Hugget & Gustavo Ventura & Amir Yaron, 2002. "Human Capital and Earnings Distribution Dynamics," NBER Working Papers 9366, National Bureau of Economic Research, Inc.
- Mark Huggett, 2003. "Human Capital and Earnings Distribution Dynamics," Working Papers gueconwpa~03-03-10, Georgetown University, Department of Economics.
- Jung, Juergen & Tran, Chung & Chambers, Matthew, 2017.
"Aging and health financing in the U.S.: A general equilibrium analysis,"
European Economic Review, Elsevier, vol. 100(C), pages 428-462.
- Juergen Jung & Chung Tran & Matthew Chambers, 2016. "Aging and Health Financing in the U.S. A General Equilibrium Analysis," Working Papers 2016-04, Towson University, Department of Economics, revised Apr 2017.
- Juergen Jung & Chung Tran & Matthew Chambers, 2016. "Aging and Health Financing in the US:A General Equilibrium Analysis," ANU Working Papers in Economics and Econometrics 2016-641, Australian National University, College of Business and Economics, School of Economics.
- Martin Floden & Jesper Lindé, 2001.
"Idiosyncratic Risk in the United States and Sweden: Is There a Role for Government Insurance?,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(2), pages 406-437, July.
- Flodén, Martin & Linde, Jesper, 1998. "Idiosyncratic Risk in the U.S. and Sweden: Is there a Role for Government Insurance?," Seminar Papers 654, Stockholm University, Institute for International Economic Studies.
- Floden, M. & Linde, J., 1998. "Idiosyncratic Risk in the U.S. and Sweden: Is there a Role for Government Insurance?," Papers 654, Stockholm - International Economic Studies.
Corrections
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:fip:fedreq:y:2011:i:4q:p:431-450:n:v.97no.4. 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: Christian Pascasio (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.