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Dissecting Saving Dynamics : Measuring Wealth, Precautionary, and Credit Effects

Author/Editor: Christopher Carroll, Martin Sommer, Jiri Slacalek.

Release Date: September, 2012

Price: $18.00

We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) more...

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Author/Editor: Olivier Coibion, Yuriy Gorodnichenko, Lorenz Kueng, John Silvia.

Release Date: August, 2012

Price: $18.00

We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically more...