Showing 1 - 10 of 13
We study the effects of monetary policy on aggregate consumption combining a heterogeneous agent model with measured expectations under different policy counterfactuals. We express the consumption of non-hand-to-mouth households as a function of expectations only and elicit all expectations...
Persistent link: https://www.econbiz.de/10014262696
—in the context of a historic surge in inflation. We measure economic narratives in open-ended survey responses and represent …, households' narratives strongly shape their inflation expectations, which we demonstrate with descriptive survey data and a …
Persistent link: https://www.econbiz.de/10014377509
in tailored panel surveys of German firms and households, conducted before and during a large shock to inflation. Using … are more likely to adjust inflation expectations during the shock, have higher confidence in their beliefs, and hold … smaller misperceptions about realized inflation, yet their expectations about future inflation deviate more strongly from …
Persistent link: https://www.econbiz.de/10014469861
We study the effects of monetary policy on aggregate consumption combining a heterogeneous agent model with measured expectations under different policy counterfactuals. We express the consumption of non-hand-to-mouth households as a function of expectations only and elicit all expectations...
Persistent link: https://www.econbiz.de/10014290126
the inflation rate respond to four different hypothetical exogenous shocks: a monetary policy shock, a government spending … predictions of changes in inflation are at odds with those of experts both for the tax shock and the interest rate shock. We show …
Persistent link: https://www.econbiz.de/10012141051
(China, India, Russia, Brazil) on the other. …
Persistent link: https://www.econbiz.de/10010264483
. We calibrate such a model to China's trade with the rest of the world and explore two country tariff games using 2005 …
Persistent link: https://www.econbiz.de/10010264539
China's growth strategy as set out in the 11th 5-year plan in 2005 called for upgrading of product quality, the … with this policy, China has been involved in recent years with the development of a Chinese standard in third generation (3 … experience raises issues for China's future development strategy based on product and process upgrading in manufacturing. We …
Persistent link: https://www.econbiz.de/10010264550
low wage rapidly growing countries in the BRIC group (Brazil, Russia, India, China) and the groups of countries as a sub …
Persistent link: https://www.econbiz.de/10010266044
We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … rates suggest that China will become the dominant trade partner for Brazil surprisingly soon. …
Persistent link: https://www.econbiz.de/10010274919