Browsing by author "Singh, Aarti"
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Did marginal propensities to consume change with the housing boom and bust?
Cho, Yunho; Morley, James; Singh, AartiPublished 2024We extend a widely used semi-structural model to identify and estimate dynamic consumption elasticities with respect to transitory income shocks. Applying our model to household survey data, we find a structural break in ...Article -
Estimating household consumption insurance
Chatterjee, Arpita; Morley, James; Singh, AartiPublished 2021Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98(5), 1887–1921) report an estimate of household consumption insurance with respect to permanent income shocks of 36%. In replicating findings for their ...Open AccessArticle -
Inventory Mistakes and the Great Moderation
Singh, Aarti; Morley, JamesPublished 2009-11-01Why did the volatility of U.S. real GDP decline by more than the volatility of final sales with the Great Moderation in the mid-1980s? One possible explanation is that firms shifted their inventory behaviour towards a ...Open AccessWorking Paper -
Learning and the Great Moderation
Singh, Aarti; Bullard, JamesPublished 2009-02-01We study a stylized theory of the volatility reduction in the U.S. after 1984—the Great Moderation—which attributes part of the stabilization to less volatile shocks and another part to more difficult inference on the part ...Open AccessWorking Paper
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