Economics of household saving.

• Position: Program and Working Group Meetings

NBER Research Associate Erik Hurst of the University of Chicago and NBER President James Poterba of MIT, who co-direct an NBER project on "The Economics of Household Saving", organized a meeting of that project on July 21, 2012. The following papers were discussed:

* Greg Kaplan, University of Pennsylvania and NBER, and Giovanni Violante, New York University and NBER, "A Model of the Consumption Response to Fiscal Stimulus Payments" (NBER Working Paper No. 17338)

* Claus Kreiner, David Lassen, and Soren Leth-Petersen, University of Copenhagen, "Consumption Responses to Fiscal Stimulus Policy and the Household Price of Liquidity"

* Henrik Cronqvist, Claremont McKenna College, and Stephan Siegel, University of Washington, "The Origins of Savings Behavior"

* Lorenz Kueng, Northwestern University, "Tax News: Identifying the Household Consumption Response to Tax Expectations using Municipal Bond Prices"

* William Gale, Brookings Institution; Michal...