estimation of a large VAR through Bayesian techniques. Loans to households emerge as the most important driver of economic …

endogenous information acquisition, using tailored surveys of firms and households. First, we show that firms perceive a greater … exposure to exchange rate movements than households, which is reflected in higher levels of information acquisition and less … rate information strongly increases in various proxies for stake size. Second, households who perceive higher costs of …

information frictions among firms and households. First, firms’ expectations about the central bank policy rate, inflation, and … aggregate unemployment are more aligned with expert forecasts and less dispersed than households’. Second, there is … substantially more heterogeneity in information frictions within households than within firms. Third, consistent with firms having …

. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

domain that depart from the income domain, and discusses its implementation in health system priority-setting decisions. We … estimates from the literature are unclear. Unlike the income-inequality literature, standard approaches in the health …-economics do not follow a ‘veil-of-ignorance’ approach and elicit mostly bivariate (income-related health) inequality aversion …

-consistent personality and environment. We explain when stressors reduce income. We also explain under which conditions rising income does …

We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we … estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous … univariate approaches, we consider income and life expectancy jointly and estimate their bivariate global distribution for 137 …