scholarly journals The Role of Collateralized Household Debt in Macroeconomic Stabilization

2005 ◽  
Author(s):  
Jeffrey Campbell ◽  
Zvi Hercowitz
Keyword(s):  
Household Debt ◽  
Macroeconomic Stabilization

scholarly journals THE ROLE OF INVESTMENT IN THE FIELD OF AGRICULTURE IN KOSOVO

2019 ◽  
Vol 31 (5) ◽  
pp. 1459-1462
Author(s):  
Adelina Gashi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Private Sector ◽  
Foreign Aid ◽  
Significant Progress ◽  
Macroeconomic Stabilization ◽  
Negative Effect ◽  
The Stability ◽  
High Level

Kosovo has made significant progress in institutional building and macroeconomic stabilization, even though, the opportunity to meet needy people was very slow. The lack of economic development seems to have a negative effect on the stability that will push economic growth. The most urgent challenge for Kosovo authorities was to maintain macroeconomic stability and achieve economic growth, in pursuit of the reduction of the high level of unemployment. Reducing foreign aid and spills in the private sector will make it very difficult to achieve this goal. Mitigation of emigration is a very important issue for Kosovo's economy.

The Role of Television in Household Debt: Evidence from the 1950's

2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Matthew J. Baker ◽  
Lisa M George
Keyword(s):  
Labor Supply ◽  
Durable Goods ◽  
Television Advertising ◽  
Household Debt ◽  
Micro Data ◽  
Survey Of Consumer Finances ◽  
Mortgage Debt ◽  
Consumer Finances ◽  
Early Access

Abstract We examine whether advertising increases household debt by studying the initial expansion of television in the 1950's. Exploiting the idiosyncratic spread of television across markets, we use micro data from the Survey of Consumer Finances to test whether households with early access to television saw steeper debt increases than households with delayed access. Results indicate that exposure to television advertising increases the tendency to borrow for household goods and the tendency to carry debt. Television access is associated with higher debt levels for durable goods, but not with the total amount of non-mortgage debt. We provide suggestive evidence that increased labor supply may drive our results. The role of media in household debt may be greater than suggested by existing research.

scholarly journals Krise der Finanzmärkte, Krise der Risikoindividualisierung

2009 ◽  
Vol 39 (154) ◽  
pp. 141-159
Author(s):  
Beat Weber
Keyword(s):  
Financial Crisis ◽  
Financial Sector ◽  
The State ◽  
Private Pension ◽  
Household Debt ◽  
Financial Innovations ◽  
Mortgage Credit ◽  
Current Path ◽  
Recent Financial Crisis

The recent financial crisis is also a crisis of the individualisation of risk. The latter has contributed to the expansion of the financial sector by increasing household debt, mortgage credit and private pension accounts. Financial innovations, intended to transfer risk from the banking to the household sector, have led to an underestimation of risks accumulated in the financial sector. When the crisis broke out, risk which was thought to have been privatised returned to the financial sector, and later on to the state, Initial reform efforts presume that minor modifications of the rules governing the financial sector would allow a continuation of the current path of development, The future distribution of risk within society and the role of the financial sector in managing it are topics which have not been on the agenda in post crisis debates so far.

Moneta e politica monetaria nella teoria di Kaldor*

1989 ◽  
Vol 7 (1) ◽  
pp. 99-109
Author(s):  
Marco Musella
Keyword(s):  
Theoretical Background ◽  
Endogenous Variable ◽  
Monetary Theory ◽  
Economic Systems ◽  
Stabilization Policy ◽  
Macroeconomic Stabilization ◽  
Demand For Money ◽  
Monetary Authorities ◽  
Modern Economic

Abstract This article focusses on the foundations of Kaldor’s monetary theory. It deals with his view that in modern economic systems the supply of money is an endogenous variable while the demand for money tends to be unstable.These ideas were presented in several essays written in the early 1980’s which emphasized Kaldor’s disagreement with monetarism. The theoretical background of his views was however also presented in previous contributions.Finally the article underlines the implications of Kaldor’s view on money for the role of monetary authorities in macroeconomic stabilization policy.

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