Uncertainty and Consumer Durables Adjustment

By G. Bertola, Luigi Guiso, Luigi Pistaferri. 2005

145 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/19fb03687d5081adaafe8a8616518c5cca17fb73

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In Economics and Econometrics

Citations in the corpus

Fiscal Policy and MPC Heterogeneity (2014, background): “For instance, Bertola et al. (2005) develop a case with a Cobb-Douglas utility function that delivers this property even in the presence of income risk.”
Earnings, consumption and lifecycle choices (2010, background): “The papers that have done so include Cutler and Katz (1992), Dynarski and Gruber (1997), Krueger and Perri (2006), Blundell et al. (2008b), and Attanasio et al.”
Measuring Uncertainty and Its Impact on the Economy (2016, background): “…is likely due to lower current and future expected income but also, likely, to the need to increase precautionary savings (e.g., Bansal and Yaron 2004) and the preference to postpone buying durable goods until uncertainty declines (e.g., Eberly 1994 and Bertola, Guiso and Pistaferri 2005).”
Fluctuations in Uncertainty (2014, unknown): “Similarly, higher uncertainty should also make consumers’ durables expenditures less sensitive to demand and prices signals, something Foote, Hurst, and Leahy (2000) and Bertola, Guiso, and Pistaferri (2005) report in studies of US and Italian consumers.”
The Spending and Debt Response to Minimum Wage Hikes (2012, background): “35See also Attanasio (2000) and Bertola, Guiso, and Pistaferri (2005) for more evidence.”
Economic uncertainty before and during the COVID-19 pandemic (2020, background): “Elevated uncertainty generally makes firms and consumers cautious, retarding investment, hiring and expenditures on consumer durables ( see, for example, Bernanke (1983), Dixit and Pindyck (1994), Abel and Eberly (1996) and Bertola et al. (2005)).”
Code and data files for "Does Consumption Inequality Track Income Inequality in Italy?" (2009, background): “This paper draws attention to some of the data that can be used by applied research to analyze these reforms by presenting some stylized facts on labor supply, income, consumption, and wealth drawn from the Survey of Household Income and Wealth (SHIW), a representative survey of the Italian…”