Search Results

Showing results 1 to 10 of approximately 101.

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Household inflation experiences in the U.S.: a comprehensive approach
Mayer, Kristin; Stennis, Carter; Topa, Giorgio; Hobijn, Bart (2009)
We present new measures of household-specific inflation experiences based on comprehensive information from the Consumer Expenditure Survey (CEX). We match households in the Interview and the Diary Surveys from the CEX to produce both complete and detailed pictures of household expenditures. The resulting household inflation measures are based on a more accurate and detailed description of household expenditures than those previously available. We find that our household-based inflation measures track aggregate measures such as the CPI-U quite well and that the addition of Diary Survey data ...
Working Paper Series , Paper 2009-19

Speech
Improving the measurement of inflation expectations
Potter, Simon M. (2012)
Remarks at the Barclays 16th Annual Global Inflation-Linked Conference, New York City.
Speech , Paper 84

Working Paper
The human capital that matters: expected returns and the income of affluent households
Campbell, Sean D.; Korniotis, George M. (2008)
We implement the human capital CAPM (HCAPM) using the income growth of high income households, rather than aggregate income growth, to proxy the return to human capital (HCRT). We find that identifying the HCRT with the income growth of affluent households, those who are most likely to hold stocks, substantially improves the performance of the HCAPM. Specifically, the pricing errors, R-square?s, average returns on factor mimicking portfolios, and performance relative to other macro-finance models uniformly improve as the HCRT is identified with the income growth of successively more affluent ...
Finance and Economics Discussion Series , Paper 2008-09

Report
Payday holiday: how households fare after payday credit bans
Strain, Michael R.; Morgan, Donald P. (2007)
Payday loans are widely condemned as a ?predatory debt trap.? We test that claim by researching how households in Georgia and North Carolina have fared since those states banned payday loans in May 2004 and December 2005. Compared with households in all other states, households in Georgia have bounced more checks, complained more to the Federal Trade Commission about lenders and debt collectors, and filed for Chapter 7 bankruptcy protection at a higher rate. North Carolina households have fared about the same. This negative correlation?reduced payday credit supply, increased credit ...
Staff Reports , Paper 309

Journal Article
Econ Focus: Adjusting to Income Risk
Hui, Anthony (2022-10)
A common question in economics and finance is how households respond to changes in income risk. Theory predicts that when households' incomes become more volatile, they may save more, work more, or reduce their holdings of risky assets to compensate for their increased risk.In a recent article in the Review of Economic Dynamics, Marios Karabarbounis of the Richmond Fed, Yongsung Chang and Jay Hong of Seoul National University, Yicheng Wang of Peking University, and Tao Zhang of the Ragnar Frisch Centre for Economic Research examined how households adjust their financial portfolio in response ...
Econ Focus , Volume 22 , Issue 4Q , Pages 16

Working Paper
Information sharing and stock market participation: evidence from extended families
Li, Geng (2009)
Using the Panel Study of Income Dynamics, we document that, controlling for observable characteristics, household investors' likelihood of entering the stock market within the next five years is about 30 percent higher if their parents or children had entered the stock market during the previous five years. Because even family members who live far away from each other tend to communicate frequently, despite the fact that interactions among people living close geographically have declined with the rise of alternative social channels, we argue that these findings highlight the significance of ...
Finance and Economics Discussion Series , Paper 2009-47

Working Paper
The decline in household saving and the wealth effect
Juster, F. Thomas; Smith, James P.; Lupton, Joseph P.; Stafford, Frank (2004)
Using a unique set of household level panel data, we estimate the effect of capital gains on saving by asset type, controlling for observable and unobservable household specific fixed effects. The results suggest that the decline in the personal saving rate since 1984 is largely due to the significant capital gains in corporate equities experienced over this period. Over five-year periods, the effect of capital gains in corporate equities on saving is substantially larger than the effect of capital gains in housing or other assets. Failure to differentiate wealth affects across asset types ...
Finance and Economics Discussion Series , Paper 2004-32

Journal Article
Survey of consumer finances, 1983
Canner, Glenn B.; Elliehausen, Gregory E.; Gustafson, Thomas A.; Avery, Robert B. (1984-09)
Federal Reserve Bulletin , Issue Sep

Journal Article
Research spotlight: How consumers respond to stimulus payments
Sears, Louis (2011-10)
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2011/q4/research_spotlight_weblinks.cfm
Econ Focus , Volume 15 , Issue 4Q , Pages 11

Working Paper
Credit, housing collateral and consumption: evidence from the UK, Japan and the US
Aron, Janine; Duca, John V.; Muellbauer, John N.; Murata, Keiko; Murphy, Anthony (2010)
The consumption behaviour of U.K., U.S. and Japanese households is examined and compared using a modern Ando-Modigliani style consumption function. The models incorporate income growth expectations, income uncertainty, housing collateral and other credit effects. These models therefore capture important parts of the financial accelerator. The evidence is that credit availability for U.K. and U.S. but not Japanese households has undergone large shifts since 1980. The average consumption-to-income ratio shifted up in the U.K. and U.S. as mortgage downpayment constraints eased and as the ...
Working Papers , Paper 1002

show more (3)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords