Essays about: "Marginal propensity to consume"
Found 1 essay containing the words Marginal propensity to consume.
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1. Decomposing the Consumption Response to Monetary Policy Shocks in Australia
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : Does monetary policy affect households differently depending on their position on the income distribution? If so, what drives the differences? This paper attempts to answer these questions by decomposing changes in consumption following a monetary policy shock into several direct and indirect channels of transmission. Although direct channels of transmission are the most important in traditional representative agent models, the indirect channels are dominant when households are heterogeneous. READ MORE
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