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Keyword: precautionary saving;
3 results found.
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This paper presents the first nationwide empirical assessment of residential electricity use in response to the timing of daylight. Employing Geographical Information Systems (GIS) solar times of sunrise and sunset are c...Read more...
7 January 2013
This paper analyzes the conduct of monetary policy in an environment in which cyclical swings in risk appetite affect households' propensity to save. It uses a New-Keynesian model featuring external habit formation to sh...Read more...
Bianca De Paoli and Pawel Zabczyk
2 March 2012
In 1997 Chancellor Kohl proposed a major pension reform: he pushed the law through Parliament explaining that the German PAYG system had become unsustainable. One limitation of the new law - one that is crucial for our i...Read more...
Francesco Giavazzi and Michael F. McMahon