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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
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benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there … benign international environment, this approach makes it unlikely that the economy will face a collapse in growth. But there …
Persistent link: https://www.econbiz.de/10003539352
This paper presents the main results of three Discrete Choice Experiments designed to estimate youth preferences for different jobs attributes, and their willingness to pay for support services to access wage or self-employment. The experiments took place in urban areas in Kenya. We find that...
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financial frictions. The political economy surrounding distributional consequences can sometimes lead to policy measures that …
Persistent link: https://www.econbiz.de/10010222156