The financial labor supply accelerator
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Campbell, Jeffrey R. & Hercowitz, Zvi, 2009. "The Financial Labor Supply Accelerator," Foerder Institute for Economic Research Working Papers 275756, Tel-Aviv University > Foerder Institute for Economic Research.
- Campbell, Jeffrey R. & Hercowitz, Zvi, 2009. "The Financial Labor Supply Accelerator," Foerder Institute for Economic Research Working Papers 275727, Tel-Aviv University > Foerder Institute for Economic Research.
References listed on IDEAS
- Bernanke, Ben S. & Gertler, Mark & Gilchrist, Simon, 1999.
"The financial accelerator in a quantitative business cycle framework,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 21, pages 1341-1393,
Elsevier.
- Bernanke, B. & Gertler, M. & Gilchrist, S., 1998. "The Financial Accelerator in a Quantitative Business Cycle Framework," Working Papers 98-03, C.V. Starr Center for Applied Economics, New York University.
- Ben Bernanke & Mark Gertler & Simon Gilchrist, 1998. "The Financial Accelerator in a Quantitative Business Cycle Framework," NBER Working Papers 6455, National Bureau of Economic Research, Inc.
- Campbell, Jeffrey R. & Hercowitz, Zvi, 2009.
"Welfare implications of the transition to high household debt,"
Journal of Monetary Economics, Elsevier, vol. 56(1), pages 1-16, January.
- Jeffrey R. Campbell & Zvi Hercowitz, 2006. "Welfare implications of the transition to high household debt," Working Paper Series WP-06-27, Federal Reserve Bank of Chicago.
- John Y. Campbell & N. Gregory Mankiw, 1989.
"Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence,"
NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 185-246,
National Bureau of Economic Research, Inc.
- John Y. Campbell & N. Gregory Mankiw, 1989. "Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence," NBER Working Papers 2924, National Bureau of Economic Research, Inc.
- Del Boca, Daniela & Lusardi, Annamaria, 2003.
"Credit market constraints and labor market decisions,"
Labour Economics, Elsevier, vol. 10(6), pages 681-703, December.
- Del Boca, Daniela & Lusardi, Annamaria, 2002. "Credit Market Constraints and Labor Market Decisions," IZA Discussion Papers 598, Institute of Labor Economics (IZA).
- repec:fth:harver:1435 is not listed on IDEAS
- Bernanke, Ben & Gertler, Mark, 1989.
"Agency Costs, Net Worth, and Business Fluctuations,"
American Economic Review, American Economic Association, vol. 79(1), pages 14-31, March.
- Bernanke, Ben & Gertler, Mark, 1988. "Agency Costs, Net Worth, And Business Fluctuations," SSRI Workshop Series 292693, University of Wisconsin-Madison, Social Systems Research Institute.
- John Geanakoplos & Ana Fostel, 2008. "Leverage Cycles and the Anxious Economy," American Economic Review, American Economic Association, vol. 98(4), pages 1211-1244, September.
- Costas Meghir & Luigi Pistaferri, 2004.
"Income Variance Dynamics and Heterogeneity,"
Econometrica, Econometric Society, vol. 72(1), pages 1-32, January.
- Costas Meghir & Luigi Pistaferri, 2001. "Income variance dynamics and heterogenity," IFS Working Papers W01/07, Institute for Fiscal Studies.
- Meghir, Costas & Pistaferri, Luigi, 2002. "Income Variance Dynamics and Heterogeneity," CEPR Discussion Papers 3632, C.E.P.R. Discussion Papers.
- Fortin, Nicole M, 1995.
"Allocation Inflexibilities, Female Labor Supply, and Housing Assets Accumulation: Are Women Working to Pay the Mortgage?,"
Journal of Labor Economics, University of Chicago Press, vol. 13(3), pages 524-557, July.
- Fortin, N.M., 1992. "Allocation Inflexibilities , Female Labor Supply and Housing Assets Accumulation: Are Women Working to Pay the Mortagage," Cahiers de recherche 9204, Universite de Montreal, Departement de sciences economiques.
- Fortin, N.M., 1992. "Allocation Inflexibilities , Female Labor Supply and Housing Assets Accumulation: Are Women Working to Pay the Mortagage," Cahiers de recherche 9204, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Jeffrey R. Campbell & Zvi Hercowitz, 2019.
"Liquidity Constraints of the Middle Class,"
American Economic Journal: Economic Policy, American Economic Association, vol. 11(3), pages 130-155, August.
- Zvi Hercowitz & Jeffrey R. Campbell, 2009. "Liquidity Constraints of the Middle Class," 2009 Meeting Papers 323, Society for Economic Dynamics.
- Campbell, Jeffrey R. & Hercowitz, Zvi, 2009. "Liquidity Constraints of the Middle Class," Foerder Institute for Economic Research Working Papers 275732, Tel-Aviv University > Foerder Institute for Economic Research.
- Jeffrey R. Campbell & Zvi Hercowitz, 2009. "Liquidity constraints of the middle class," Working Paper Series WP-09-20, Federal Reserve Bank of Chicago.
- Jeffrey Campbell & Zvi Hercowitz, 2012. "Liquidity Constraints of the Middle Class," 2012 Meeting Papers 98, Society for Economic Dynamics.
- Juster, F. Thomas & Smith, James P. & Stafford, Frank, 1999.
"The measurement and structure of household wealth,"
Labour Economics, Elsevier, vol. 6(2), pages 253-275, June.
- F. Thomas Juster & James P. Smith & Frank Stafford, 2004. "The Measurement and Structure of Household Wealth," Labor and Demography 0402009, University Library of Munich, Germany.
- Jeffrey R. Campbell & Zvi Hercowitz, 2005.
"The Role of Collateralized Household Debt in Macroeconomic Stabilization,"
NBER Working Papers
11330, National Bureau of Economic Research, Inc.
- Zvi Hercowitz & Jeffrey C. Campbell, 2005. "The Role of Collateralized Household Debt in Macroeconomic Stabilization," 2005 Meeting Papers 120, Society for Economic Dynamics.
- Hercowitz, Zvi & Campbell, Jeffrey R., 2006. "The Role of Collateralized Household Debt in Macroeconomic Stabilization," Foerder Institute for Economic Research Working Papers 275707, Tel-Aviv University > Foerder Institute for Economic Research.
- Robert A. Becker, 1980. "On the Long-Run Steady State in a Simple Dynamic Model of Equilibrium with Heterogeneous Households," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(2), pages 375-382.
- King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : I. The basic neoclassical model," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 195-232.
- Ana M. Aizcorbe & Arthur B. Kennickell & Kevin B. Moore, 2003. "Recent changes in U.S. family finances: evidence from the 1998 and 2001 Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 89(Jan), pages 1-32, January.
- Jonas D. M. Fisher, 2007. "Why Does Household Investment Lead Business Investment over the Business Cycle?," Journal of Political Economy, University of Chicago Press, vol. 115(1), pages 141-168.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2018.
"Changing credit limits, changing business cycles,"
European Economic Review, Elsevier, vol. 102(C), pages 211-239.
- Jensen, Henrik & Santoro, Emiliano & Ravn, Søren Hove, 2015. "Changing Credit Limits, Changing Business Cycles," CEPR Discussion Papers 10462, C.E.P.R. Discussion Papers.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Tommaso Monacelli, 2008.
"Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints,"
NBER Chapters, in: Asset Prices and Monetary Policy, pages 103-146,
National Bureau of Economic Research, Inc.
- Tommaso Monacelli, 2006. "Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints," NBER Working Papers 12470, National Bureau of Economic Research, Inc.
- Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
- Jeffrey R. Campbell & Zvi Hercowitz, 2005.
"The Role of Collateralized Household Debt in Macroeconomic Stabilization,"
NBER Working Papers
11330, National Bureau of Economic Research, Inc.
- Zvi Hercowitz & Jeffrey C. Campbell, 2005. "The Role of Collateralized Household Debt in Macroeconomic Stabilization," 2005 Meeting Papers 120, Society for Economic Dynamics.
- Hercowitz, Zvi & Campbell, Jeffrey R., 2006. "The Role of Collateralized Household Debt in Macroeconomic Stabilization," Foerder Institute for Economic Research Working Papers 275707, Tel-Aviv University > Foerder Institute for Economic Research.
- Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
- Willi Semmler, 2011.
"Asset Prices, Booms and Recessions,"
Springer Books,
Springer, number 978-3-642-20680-1, March.
- Willi Semmler, 2006. "Asset Prices, Booms and Recessions," Springer Books, Springer, edition 0, number 978-3-540-24696-1, March.
- Matteo Iacoviello, 2005.
"House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle,"
American Economic Review, American Economic Association, vol. 95(3), pages 739-764, June.
- Matteo Iacoviello, 2002. "House prices, borrowing constraints and monetary policy in the business cycle," Boston College Working Papers in Economics 542, Boston College Department of Economics, revised 06 Dec 2004.
- Anna Florio, 2013. "The Implied Consumer Euler Rate: What Role for Financial Frictions?," CESifo Economic Studies, CESifo Group, vol. 59(4), pages 650-675, December.
- Matteo Iacoviello, 2008.
"Household Debt and Income Inequality, 1963–2003,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(5), pages 929-965, August.
- Matteo Iacoviello, 2008. "Household Debt and Income Inequality, 1963-2003," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(5), pages 929-965, August.
- Matteo Iacoviello, 2005. "Household Debt and Income Inequality, 1963-2003," Boston College Working Papers in Economics 629, Boston College Department of Economics, revised 18 Oct 2007.
- Matteo Iacoviello, 2006. "Household Debt and Income Inequality, 1963-2003," 2006 Meeting Papers 585, Society for Economic Dynamics.
- Schüler, Yves S. & Hiebert, Paul P. & Peltonen, Tuomas A., 2020. "Financial cycles: Characterisation and real-time measurement," Journal of International Money and Finance, Elsevier, vol. 100(C).
- Douglas Sutherland & Peter Hoeller, 2012. "Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics," OECD Economics Department Working Papers 1006, OECD Publishing.
- Rodney Ramcharan & Christopher Crowe, 2013.
"The Impact of House Prices on Consumer Credit: Evidence from an Internet Bank,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(6), pages 1085-1115, September.
- Christopher Crowe & Rodney Ramcharan, 2012. "The impact of house prices on consumer credit: evidence from an internet bank," Finance and Economics Discussion Series 2012-60, Board of Governors of the Federal Reserve System (U.S.).
- Aadland, David, 2005.
"Detrending time-aggregated data,"
Economics Letters, Elsevier, vol. 89(3), pages 287-293, December.
- David Aadland, 2002. "Detrending Time-Aggregated Data," Working Papers 2002-05, Utah State University, Department of Economics.
- David Aadland, 2002. "Detrending Time-Aggregated Data," Macroeconomics 0301007, University Library of Munich, Germany.
- David Aadland, 2002. "Detrending Time-Aggregated Data," Microeconomics 0211015, University Library of Munich, Germany.
- Andrea Ajello & Nina Boyarchenko & François Gourio & Andrea Tambalotti, 2022.
"Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms,"
Staff Reports
1002, Federal Reserve Bank of New York.
- Andrea Ajello & Nina Boyarchenko & François Gourio & Andrea Tambalotti, 2022. "Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms," Finance and Economics Discussion Series 2022-005, Board of Governors of the Federal Reserve System (U.S.).
- Fachat, Christian, 2000. "Agency Costs, Net Worth, and the Credit Channel of Monetary Transmission," Bonn Econ Discussion Papers 3/2000, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Gunnar Bårdsen & Kjersti-Gro Lindquist & Dimitrios P. Tsomocos, 2012.
"Evaluation of Macroeconomic Models for Financial Stability Analysis,"
Chapters, in: The Challenge of Financial Stability, chapter 3, pages 32-58,
Edward Elgar Publishing.
- Dimitrios P Tsomocos & Gunnar Bardsen & Department of Economics & NTNUKjersti-Gro Lindquist & Norges Bank, 2006. "Evaluation of macroeconomic models for financial stability analysis," Economics Series Working Papers 2006-FE-01, University of Oxford, Department of Economics.
- Gunnar Bardsen & Kjersti-Gro Lindquist & Dimitrios P.Tsomocos, 2006. "Evaluation of macroeconomic models for financial stability analysis," OFRC Working Papers Series 2006fe01, Oxford Financial Research Centre.
- Gunnar Bårdsen & Kjersti-Gro Lindquist & Dimitrios P. Tsomocos, 2006. "Evaluation of macroeconomic models for financial stability analysis," Working Paper Series 6806, Department of Economics, Norwegian University of Science and Technology.
- Gunnar Bårdsen & Kjersti-Gro Lindquist & Dimitrios P. Tsomocos, 2006. "Evaluation of macroeconomic models for financial stability analysis," Working Paper 2006/01, Norges Bank.
- Tommaso Monacelli & Roberto Perotti, 2011.
"Redistribution and the Multiplier,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(4), pages 630-651, November.
- Perotti, Roberto & Monacelli, Tommas, 2011. "Redistribution and the Multiplier," CEPR Discussion Papers 8641, C.E.P.R. Discussion Papers.
- Tommaso Monacelli & Roberto Perotti, 2011. "Redistribution and the Multiplier," Working Papers 409, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Jeffrey R. Campbell & Zvi Hercowitz, 2019.
"Liquidity Constraints of the Middle Class,"
American Economic Journal: Economic Policy, American Economic Association, vol. 11(3), pages 130-155, August.
- Zvi Hercowitz & Jeffrey R. Campbell, 2009. "Liquidity Constraints of the Middle Class," 2009 Meeting Papers 323, Society for Economic Dynamics.
- Campbell, Jeffrey R. & Hercowitz, Zvi, 2009. "Liquidity Constraints of the Middle Class," Foerder Institute for Economic Research Working Papers 275732, Tel-Aviv University > Foerder Institute for Economic Research.
- Jeffrey R. Campbell & Zvi Hercowitz, 2009. "Liquidity constraints of the middle class," Working Paper Series WP-09-20, Federal Reserve Bank of Chicago.
- Jeffrey Campbell & Zvi Hercowitz, 2012. "Liquidity Constraints of the Middle Class," 2012 Meeting Papers 98, Society for Economic Dynamics.
- Florin O. Bilbiie & Tommaso Monacelli & Roberto Perotti, 2013.
"Public Debt and Redistribution with Borrowing Constraints,"
Economic Journal, Royal Economic Society, vol. 0, pages 64-98, February.
- Florin Bilbiie & Tommaso Monacelli & Roberto Perotti, 2012. "Public Debt and Redistribution with Borrowing Constraints," Working Papers 435, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Florin Bilbiie & Tommaso Monacelli & Roberto Perotti, 2013. "Public Debt and Redistribution with Borrowing Constraints," Post-Print hal-01052689, HAL.
- Florin Bilbiie & Tommaso Monacelli & Roberto Perotti, 2012. "Public Debt and Redistribution with Borrowing Constraints," Working Papers 448, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Florin Bilbiie & Tommaso Monacelli & Roberto Perotti, 2013. "Public Debt and Redistribution with Borrowing Constraints," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01052689, HAL.
- Perotti, Roberto & Monacelli, Tommas & Bilbiie, Florin, 2012. "Public Debt and Redistribution with Borrowing Constraints," CEPR Discussion Papers 9088, C.E.P.R. Discussion Papers.
- Florin Bilbiie & Tommaso Monacelli & Roberto Perotti, 2013. "Public Debt and Redistribution with Borrowing Constraints," PSE-Ecole d'économie de Paris (Postprint) hal-01052689, HAL.
- Kosuke Aoki & James Proudman & Gertjan Vlieghe, 2002. "Houses as collateral: has the link between house prices and consumption in the U.K. changed?," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(May), pages 163-177.
- repec:zbw:bofrdp:2018_022 is not listed on IDEAS
- Li Lin & Dimitrios P. Tsomocos & Alexandros P. Vardoulakis, 2019.
"Debt deflation effects of monetary policy,"
Chapters, in: Financial Regulation and Stability, chapter 9, pages 245-258,
Edward Elgar Publishing.
- Lin, Li & Tsomocos, Dimitrios P. & Vardoulakis, Alexandros P., 2015. "Debt deflation effects of monetary policy," Journal of Financial Stability, Elsevier, vol. 21(C), pages 81-94.
- Li Lin & Dimitrios P. Tsomocos & Alexandros Vardoulakis, 2014. "Debt Deflation Effects of Monetary Policy," Finance and Economics Discussion Series 2014-37, Board of Governors of the Federal Reserve System (U.S.).
More about this item
Keywords
Labor supply; Wages; Hours of labor - Mathematical models;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedhwp:wp-2011-05. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lauren Wiese (email available below). General contact details of provider: https://edirc.repec.org/data/frbchus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.