What model features and calibration strategies yield a large average marginal propensity to
consume (MPC) in heterogeneous agent models? Through a systematic investigation of …

The growth of the availability and use of detailed household financial transaction micro data
has dramatically expanded the ability of researchers to understand both household decision …

Using data for firms publicly listed in China A-share markets during 2008 and 2019, this
study is one of the first to treat Green Credit Guidelines implemented by the government in …

We use survey questions about spending in hypothetical scenarios to investigate features of
propensities to consume that are useful for distinguishing between consumption theories …

We evaluate the effects of the 2020 student debt moratorium. Using administrative credit
panel data, we compare borrowers whose loans were frozen to borrowers whose loans …

The past decade has witnessed a phenomenal rise of digital wallets, and the COVID-19
pandemic further accelerated their adoption globally. Such e-wallets provide not only a …

We show that the largest increase in unemployment benefits in US history had large
spending impacts and small job-finding impacts. This finding has three implications. First …

This study investigated the impact of Working Capital Management (WCM) and Credit
Management Policy (CMP) on the Financial Performance (FP) of Jordanian banks (JB). The …

We estimate how the marginal propensity to consume (MPC) out of liquidity varies over the
business cycle. Ten years after a Chapter 7 bankruptcy, the bankruptcy flag is removed from …

Firms offering “buy now, pay later”(BNPL) point-of-sale installment loans with minimal
underwriting and low interest have captured a growing fraction of the market for short-term …