Textile characteristics,laundering and the environment

The environmental impact of laundering is dependent on the laundry methods used by households. This study investigates the relation between laundry methods (frequency, load size and wash temperature) and the composition of wash loads. Three definitions for the composition of wash loads are used: the respondent's classification and two objective definitions. These are constructed in two different ways from three specific characteristics of the textiles: colour, textile fibre and the type of article. The data are from a survey with a 2-week diary about laundry practices of 1026 Dutch households in 1990. The results show that all three definitions of the composition of wash loads can explain one factor of the laundry method, wash temperature; frequency and load size, however, are not influenced by the composition of the wash load.     

A Further Look at the Propagation of Monetary Policy Shocks in HANK

We provide quantitative guidance on whether and to what extent different elements of Heterogeneous Agent New Keynesian (HANK) models amplify or dampen the response of aggregate consumption to a monetary policy shock. We emphasize four findings. First, the introduction of capital adjustment costs does not affect the aggregate response, but does change the transmission mechanism so that a larger share of indirect effects originates from equity prices rather than from labor income. Second, incorporating estimated unequal incidence functions for aggregate labor income fluctuations leads to either amplification or dampening, depending on the data and estimation methods. Third, distribution rules for monopoly profits that allocate a larger share to liquid assets lead to greater amplification. Fourth, assumptions about the fiscal reaction to a monetary policy shock have a stronger effect on the aggregate consumption response than any of the other three elements.