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Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
Persistent link: https://www.econbiz.de/10012830360
This paper develops a tractable model of a society hit by a viral pandemic. It is sufficiently rich so as to relate the optimal decisions of the policymaker to the underlying characteristics of this society, in terms of preferences, social mores and economic structures. This allows us to make...
Persistent link: https://www.econbiz.de/10012832185
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013293851
Mexico experienced a tremendous expansion of its export-processing maquila sector during the 1990s. At the same time, a … market outcomes in Mexico. We develop a heterogeneous firm model with imperfect labor markets that captures salient features …
Persistent link: https://www.econbiz.de/10010280836
Mexico. However, wastewater treatment levels also differ greatly among the 2,456 Mexican municipalities. We apply spatial …
Persistent link: https://www.econbiz.de/10012908670
Violence in Mexico has reached unprecedented levels in recent times. After the government began a crackdown on drug … studies the impact of violent conflict on firms, exploiting this period of heightened violence in Mexico commonly referred to … significant distortive effects of the Mexican Drug War on domestic industrial development in Mexico and suggest that the Drug War …
Persistent link: https://www.econbiz.de/10012892241
This paper assesses the impact of the North American Free Trade Agreement on Mexican manufacturing plants’ prices and markups. We distinguish between Mexican goods that are exported and those sold domestically, and decompose their prices separately into markups and marginal costs. We then...
Persistent link: https://www.econbiz.de/10012867011
It has been frequently quoted in the literature that one decisive cause of the productive performance of an economy might be infrastructure investment. This paper provides a dual profit theoretical framework of measuring the effects of infrastructure on economic performance in terms of gains in...
Persistent link: https://www.econbiz.de/10013316826
We study how NAFTA changed the geography of violence in Mexico. We propose that this open border policy increased …
Persistent link: https://www.econbiz.de/10014244024
Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple...
Persistent link: https://www.econbiz.de/10010276791