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Terlizzese, Daniele

Works: 5 works in 31 publications in 2 languages and 179 library holdings
Classifications: HB1, 330.072
Publication Timeline
Publications about Daniele Terlizzese
Publications by Daniele Terlizzese
Most widely held works by Daniele Terlizzese
Earnings uncertainty and precautionary saving by Luigi Guiso( Book )
9 editions published between 1989 and 1992 in English and Italian and held by 55 libraries worldwide
Dissaving by the elderly, transfer motives and liquidity constraints by Albert Ando( Book )
11 editions published in 1993 in English and held by 53 libraries worldwide
Two explanations have been proposed for the observed slowness of wealth decumulation by the elderly in the literature: the precautionary saving induced by (uninsurable) uncertainty about the time of death or by the possibility of major catastrophes in old age that require large outlays; the desire to pass part of the accumulated assets on to one's heirs. We reconsider the issue of wealth decumulation by the elderly and assess the presence of a transfer motive, drawing on Italian data. We show that if intergenerational transfer of assets takes place well before the time of death, induced for instance by existence of liquidity constraints on younger families, then tests for the presence of a transfer motive based on the relative speed of decumulation of elderly households with and without a potential bequest motive might have little discriminatory power. We suggest that in this case one should look at the whole pattern of asset accumulation and decumulation. We also offer an alternative test of the bequest motive based on life insurance purchases
Income risk, borrowing constraints and portfolio choice by Luigi Guiso( Book )
4 editions published between 1993 and 1994 in English and held by 21 libraries worldwide
Younger households saving : evidence from Japan and Italy by Albert Ando( Book )
4 editions published in 1991 in English and held by 2 libraries worldwide
Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the observed fact without relying on assumptions about the working of credit markets or the degree of foresight of consumers
Monetary transmission in the Euro area : does the interest rate channel explain all? by Ignazio Angeloni( Book )
3 editions published in 2003 in English and held by 2 libraries worldwide
Drawing on recent Eurosystem research that uses a range of econometric techniques and a number of new data sets, we propose a comprehensive description of how monetary policy affects the euro area economy. We focus mainly on three questions: (1) what are the stylized facts concerning the transmission of monetary policy for the area as a whole and for individual countries? (2) can the classic' interest rate channel (IRC) alone, without capital market imperfections, explain these facts? (3) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary policy responses for prices and output that are similar to those generally reported for the U.S. However, investment (relative to consumption) seems to play a larger role in euro area monetary policy transmission than in the U.S. We cannot reject the hypothesis that the IRC completely characterizes transmission in a few countries, and estimate it to be substantial in almost all. Where the IRC is not dominant, there is normally some direct evidence supporting the presence of a bank lending channel (or other financial transmission channel). The cases where financial effects appear important can be further split according to whether they primarily relate to consumption or investment
English (30)
Italian (1)
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