What is Excess Cash and How to Estimate It? It is typical for companies to hold cash balances in the form of deposits or marketable securities for the amounts that can exceed what they need for ...

This paper seeks to show that a New Keynesian model can produce highly persistent and large output responses to fiscal transfers and excess wealth, in line with recent empirical literature. The ...

In a study earlier this year (Abdelrahman and Oliveira 2023), we examined household saving patterns since the onset of the pandemic recession. Our study showed that households rapidly accumulated ...