{"id":"https://openalex.org/W1942582002","doi":"https://doi.org/10.17863/cam.5769","title":"The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes","display_name":"The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes","publication_year":2015,"publication_date":"2015-03-25","ids":{"openalex":"https://openalex.org/W1942582002","doi":"https://doi.org/10.17863/cam.5769","mag":"1942582002"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:cam:camdae:1553","doi":null,"is_oa":false,"landing_page_url":"https://www.econ.cam.ac.uk/sites/default/files/publication-cwpe-pdfs/cwpe1553.pdf","pdf_url":"https://www.econ.cam.ac.uk/sites/default/files/publication-cwpe-pdfs/cwpe1553.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","indexed_in":["datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://www.repository.cam.ac.uk/handle/1810/255312","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5040873392","display_name":"Antonio Acconcia","orcid":"https://orcid.org/0000-0003-4063-4043","observed_orcids":["https://orcid.org/0000-0003-4063-4043"]},"institutions":[{"id":"https://openalex.org/I71267560","display_name":"University of Naples Federico II","ror":"https://ror.org/05290cv24","country_code":"IT","type":"education","lineage":["https://openalex.org/I71267560"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Acconcia, A.","raw_affiliation_strings":["University of Naples-Federico II"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Naples-Federico II","institution_ids":["https://openalex.org/I71267560"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5008435699","display_name":"Giancarlo Corsetti A","orcid":"https://orcid.org/0000-0001-8965-9853","observed_orcids":["https://orcid.org/0000-0001-8965-9853"]},"institutions":[{"id":"https://openalex.org/I241749","display_name":"University of Cambridge","ror":"https://ror.org/013meh722","country_code":"GB","type":"education","lineage":["https://openalex.org/I241749"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Corsetti, G.","raw_affiliation_strings":["University of Cambridge,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Cambridge,","institution_ids":["https://openalex.org/I241749"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5060358366","display_name":"Saverio Simonelli","orcid":"https://orcid.org/0009-0002-1490-4564","observed_orcids":["https://orcid.org/0009-0002-1490-4564"]},"institutions":[{"id":"https://openalex.org/I71267560","display_name":"University of Naples Federico II","ror":"https://ror.org/05290cv24","country_code":"IT","type":"education","lineage":["https://openalex.org/I71267560"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Simonelli, S.","raw_affiliation_strings":["University of Naples-Federico II"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Naples-Federico II","institution_ids":["https://openalex.org/I71267560"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":6,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13800","display_name":"Earthquake and Disaster Impact Studies","score":0.4203999936580658,"subfield":{"id":"https://openalex.org/subfields/3313","display_name":"Transportation"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13800","display_name":"Earthquake and Disaster Impact Studies","score":0.4203999936580658,"subfield":{"id":"https://openalex.org/subfields/3313","display_name":"Transportation"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.12950000166893005,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.11159999668598175,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/consumption-response","display_name":"consumption response","score":0.6439999938011169},{"id":"https://openalex.org/keywords/post-earthquake-reconstruction","display_name":"post-earthquake reconstruction","score":0.718999981880188},{"id":"https://openalex.org/keywords/bank-debt","display_name":"bank debt","score":0.6970000267028809},{"id":"https://openalex.org/keywords/non-durable-consumption","display_name":"non-durable consumption","score":0.8339999914169312},{"id":"https://openalex.org/keywords/targeted-transfers","display_name":"targeted transfers","score":0.6679999828338623},{"id":"https://openalex.org/keywords/italian-earthquakes","display_name":"Italian earthquakes","score":0.49000000953674316}],"concepts":[{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.7777507305145264},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.7624253034591675},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.655004620552063},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.6198165416717529},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6077924966812134},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.5955895185470581},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2662332057952881},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"pmh:oai:RePEc:cam:camdae:1553","doi":null,"is_oa":false,"landing_page_url":"https://www.econ.cam.ac.uk/sites/default/files/publication-cwpe-pdfs/cwpe1553.pdf","pdf_url":"https://www.econ.cam.ac.uk/sites/default/files/publication-cwpe-pdfs/cwpe1553.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:www.repository.cam.ac.uk:1810/255312","doi":null,"is_oa":true,"landing_page_url":"https://www.repository.cam.ac.uk/handle/1810/255312","pdf_url":"https://www.repository.cam.ac.uk/handle/1810/255312","source":{"id":"https://openalex.org/S4306401777","display_name":"Apollo (University of Cambridge)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I241749","host_organization_name":"University of Cambridge","host_organization_lineage":["https://openalex.org/I241749"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.715.2259","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.715.2259","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.csef.it/IMG/pdf/dp10698-2.pdf","raw_type":"text"},{"id":"mag:1942582002","doi":null,"is_oa":false,"landing_page_url":"https://www.inet.econ.cam.ac.uk/working-paper-pdfs/wp1510.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:cpr:ceprdp:10698","doi":null,"is_oa":false,"landing_page_url":"http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=10698","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"doi:10.17863/cam.5769","doi":"https://doi.org/10.17863/cam.5769","is_oa":true,"landing_page_url":"https://doi.org/10.17863/cam.5769","pdf_url":null,"source":{"id":"https://openalex.org/S7407050737","display_name":"Apollo","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"pmh:oai:www.repository.cam.ac.uk:1810/255312","doi":null,"is_oa":true,"landing_page_url":"https://www.repository.cam.ac.uk/handle/1810/255312","pdf_url":"https://www.repository.cam.ac.uk/handle/1810/255312","source":{"id":"https://openalex.org/S4306401777","display_name":"Apollo (University of Cambridge)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I241749","host_organization_name":"University of Cambridge","host_organization_lineage":["https://openalex.org/I241749"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/1","display_name":"No poverty","score":0.666700005531311}],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1942582002.pdf","grobid_xml":"https://content.openalex.org/works/W1942582002.grobid-xml"},"referenced_works_count":19,"referenced_works":["https://openalex.org/W1531043655","https://openalex.org/W1786751718","https://openalex.org/W1965840936","https://openalex.org/W1968666074","https://openalex.org/W1976684645","https://openalex.org/W1979191392","https://openalex.org/W1987285598","https://openalex.org/W2008131715","https://openalex.org/W2010302011","https://openalex.org/W2030691535","https://openalex.org/W2081845494","https://openalex.org/W2126729239","https://openalex.org/W2138238248","https://openalex.org/W2144969436","https://openalex.org/W2149391584","https://openalex.org/W2233394530","https://openalex.org/W3121512202","https://openalex.org/W3124595787","https://openalex.org/W3126032118"],"related_works":["https://openalex.org/W3124100733","https://openalex.org/W2804875586","https://openalex.org/W2187753131","https://openalex.org/W4392108478","https://openalex.org/W7112261544","https://openalex.org/W4407834299","https://openalex.org/W4229032132","https://openalex.org/W7095361587","https://openalex.org/W2189309495","https://openalex.org/W7223072124"],"abstract_inverted_index":{"Exploiting":[0],"three":[1],"Italian":[2],"earthquakes":[3],"as":[4],"quasi-experiments,":[5],"we":[6,36],"analyze":[7],"the":[8,27,33,50],"response":[9],"of":[10,29],"homeowners'":[11],"consumption":[12,44,65,87],"to":[13,52,90,96],"targeted":[14],"transfers,":[15],"financing":[16],"housing":[17],"reconstruction":[18,53],"over":[19,45],"time.":[20],"Like":[21],"loans,":[22],"these":[23],"transfers":[24],"mainly":[25],"affect":[26],"liquidity":[28,70],"households'":[30],"wealth":[31],"in":[32,84],"short":[34],"run:":[35],"show":[37],"that":[38,93],"they":[39],"have":[40],"no":[41,78],"effect":[42],"on":[43,59],"a":[46],"multi-year":[47],"horizon.":[48],"Yet,":[49],"access":[51],"funds":[54,92],"has":[55],"significantly":[56],"heterogeneous":[57],"effects":[58],"impact:":[60],"it":[61,76],"strongly":[62],"raises":[63],"non-durable":[64],"by":[66],"households":[67],"with":[68],"low":[69],"and":[71],"bank":[72],"debt":[73],"(the":[74],"'wealthy-hand-to-mouth');":[75],"makes":[77],"difference":[79],"for":[80],"liquid":[81],"households.":[82],"Consistently,":[83],"either":[85],"group,":[86],"is":[88],"insensitive":[89],"transfer":[91],"accrue":[94],"directly":[95],"firms.":[97]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-27T15:51:10.671819","created_date":"2016-06-24T00:00:00"}