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Cross Sectional Facts for Macroeconomists

Krueger, Dirk; Perri, Fabrizio; Pistaferri, Luigi; … - In: Review of Economic Dynamics 13 (2010) 1, pp. 1-14

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

Persistent link: https://www.econbiz.de/10008487510

Household balance sheet channels of monetary policy : a back of the envelope calculation for the Euro Area

Slacalek, Jirka; Tristaniv, Oreste; Violante, Giovanni L. - 2019

Persistent link: https://www.econbiz.de/10012212741

Household balance sheet channels of monetary policy : a back of the envelope calculation for the euro area

Slacalek, Jirka; Tristani, Oreste; Violante, Giovanni L. - In: Journal of economic dynamics & control 115 (2020), pp. 1-30

Persistent link: https://www.econbiz.de/10012502659

The imbalances of the Bretton Woods system 1965 to 1973 : U.S. inflation, the elephant in the room

Bordo, Michael D. - In: Open economies review 31 (2020) 1, pp. 195-211

Persistent link: https://www.econbiz.de/10012229712

US inflation and the imbalances of the Bretton Woods System, 1965-1973

Bordo, Michael D. - In: Economic globalization and governance : essays in honor …, (pp. 75-90). 2021

This chapter argues that the key deep underlying fundamental for the growing international imbalances leading to the collapse of the Bretton Woods System between 1971 and 1973 was rising US inflation since 1965. It was driven in turn by expansionary fiscal and monetary policies - the elephant in...

Persistent link: https://www.econbiz.de/10012310781

Federal Reserve policy and Bretton Woods

Bordo, Michael D.; Humpage, Owen F. - 2014

Persistent link: https://www.econbiz.de/10010441403

Trapped in the Trilemma : When Security Trumps Economics

Bordo, Michael D.; James, Harold - National Bureau of Economic Research - 2022

This paper describes the challenges of globalization in terms of the logic underpinning four distinct policy constraints or "trilemmas" and their interrelationship; in particular the disturbances that arise from capital flows and the difficulties of adjusting monetary policies to a global...

Persistent link: https://www.econbiz.de/10013388862

The Defining Moment : The Great Depression and the American Economy in the Twentieth Century

Baicker, Katherine (contributor); … - 1997

In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and...

Persistent link: https://www.econbiz.de/10014488293

Consumption and labor supply with partial insurance : an analytical framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - 2007

Persistent link: https://www.econbiz.de/10003473595

How much consumption insurance beyond self-insurance?

Kaplan, Greg; Violante, Giovanni L. - 2009

"We assess the degree of consumption smoothing implicit in a calibrated life-cycle version of the standard incomplete … the model have access to less consumption-smoothing against permanent earnings shocks than what is measured in the data …. BPP estimate that 36% of permanent shocks are insurable (i.e., do not translate into consumption growth), whereas the …

Persistent link: https://www.econbiz.de/10003913479