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 ...

An important financial paradox is the excess volatility puzzle. First identified by Robert Shiller in 1981, the excess volatility puzzle says that asset prices fluctuate much more than information ...

Sophie Venz is a former Deputy Editor at Forbes Advisor. She is an experienced editor and features reporter, and has previously worked in the small business and start-up reporting space. Previously ...