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Abramson, Boaz; Nieuwerburgh, Stijn van - National Bureau of Economic Research - 2024

A rent guarantee insurance (RGI) policy makes a limited number of rent payments to the landlord on behalf of an insured tenant unable to pay rent due to a negative income or health expenditure shock. We introduce RGI in a rich quantitative equilibrium model of housing insecurity and show it...

Persistent link: https://www.econbiz.de/10014576611

Inflation, War Bonds, and the Rise of Republicans in the 1950s

Brunet, Gillian; Hilt, Eric; Jaremski, Matthew S. - National Bureau of Economic Research - 2023

We study the role of war bonds and inflation in the presidential elections of the 1950s. During World War II, the … promotion of savings bonds made Americans more sensitive to the high inflation that prevailed after the war, contributing to …

Persistent link: https://www.econbiz.de/10014447290

Declining Responsiveness at the Establishment Level : Sources and Productivity Implications

Cooper, Russell W.; Haltiwanger, John C.; Willis, … - National Bureau of Economic Research - 2024

This paper studies competing sources of declining dynamism. Evidence shows that an important component of this decline is accounted for by the reduction in the response of employment to shocks in US establishments. Using a plant level dynamic optimization problem as a framework for analysis,...

Persistent link: https://www.econbiz.de/10014486222

Uncertainty Shocks, Capital Flows, and International Risk Spillovers

Akinci, Ozge; Kalemli-Ozcan, Sebnem; Queralto, Albert - National Bureau of Economic Research - 2022

Foreign investors' changing appetite for risk-taking have been shown to be a key determinant of the global financial cycle. Such fluctuations in risk sentiment also correlate with the dynamics of UIP premia, capital flows, and exchange rates. To understand how these risk sentiment changes...

Persistent link: https://www.econbiz.de/10013210054

Inflation's Impact on American Households

Altig, David; Auerbach, Alan J.; Eidschun, Erin F.; … - National Bureau of Economic Research - 2024

The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and … with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the … focus of this paper. Inflation affects households through its interaction with the fiscal. We run the 2019 Survey of …

Persistent link: https://www.econbiz.de/10014544760

Spending and Job-Finding Impacts of Expanded Unemployment Benefits : Evidence from Administrative Micro Data

Ganong, Peter; Greig, Fiona E.; Noel, Pascal J.; … - National Bureau of Economic Research - 2022

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics--but not employment dynamics--during the...

Persistent link: https://www.econbiz.de/10013361970

Do Government Spending Multipliers Depend on the Sign of the Shock?

Ben Zeev, Nadav; Ramey, Valerie A.; Zubairy, Sarah - National Bureau of Economic Research - 2023

We analyze whether government spending multipliers differ by the sign of the shock. Using aggregate historical U.S. data, we apply Ben Zeev's (2020) nonlinear diagnostic tests and find evidence of nonlinearities in the impulse response functions of both government spending and GDP. We then...

Persistent link: https://www.econbiz.de/10014247936

Putting US Fiscal Policy on a Sustainable Path

Dynan, Karen E.; Elmendorf, Douglas W. - National Bureau of Economic Research - 2025

Even allowing for substantial uncertainty regarding projections, current US fiscal policies are almost certainly unsustainable. Therefore, policymakers must decide when and in what ways to change policies. Changing policies sooner rather than later would put debt on a lower trajectory and...

Persistent link: https://www.econbiz.de/10015409782

The Imbalances of the Bretton Woods System 1965 to 1973 : U.S. Inflation, The Elephant in the Room

Bordo, Michael D. - 2018

collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by … imports and a ninety day wage price freeze--was that U.S. inflation, driven by macro policies, was the main problem facing the … Federal Reserve Chairman Arthur F. Burns, Nixon adopted wage and price controls to mask the inflation, hence punting the …

Persistent link: https://www.econbiz.de/10012481056

The financial effects of inflation

Cagan, Phillip; Lipsey, Robert E. - National Bureau of Economic Research - 1978

Persistent link: https://www.econbiz.de/10013402351