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Managing households' expectations with salient economic policies

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

Persistent link: https://www.econbiz.de/10012057290

Unconventional fiscal policy, inflation expectations, and consumption expenditure

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2016

Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price … study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … intratemporal substitution from non-durable to durable consumption. …

Persistent link: https://www.econbiz.de/10011436147

Fiscal-monetary interactions : the effect of fiscal restraint and public monitoring on central bank credibility

Hughes Hallett, Andrew; Libich, Jan - In: Open economies review 18 (2007) 5, pp. 559-576

Persistent link: https://www.econbiz.de/10003559684

External imbalances and fiscal fragility in the Euro area

Alessandrini, Pietro; Fratianni, Michele; Hughes … - In: Open economies review 25 (2014) 1, pp. 3-34

Persistent link: https://www.econbiz.de/10010371890

Post-Thatcher fiscal strategies in the UK : an interpretation

Hughes Hallett, Andrew (contributor) - 2004

Fiscal policy in Britain has changed radically since the Keynesianism of the 1960s and 1970s. After a passive period under monetarism of the 1980s, fiscal policy is said to have adopted a leadership role with long term objectives (low debt, the provision of public services/ investment, and...

Persistent link: https://www.econbiz.de/10002524201

Inflation targeting as a coordination device

Hughes Hallett, Andrew; Viegi, Nicola - In: Open economies review 13 (2002) 4, pp. 341-362

Persistent link: https://www.econbiz.de/10001717208

The impact of containment measures and monetary and fiscal responses on US financial markets during the Covid-19 pandemic

Abakah, Emmanuel Joel Aikins; Caporale, Guglielmo Maria; … - 2021

This paper analyses the effects of containment measures and monetary and fiscal responses on US financial markets during the Covid-19 pandemic. More specifically, it applies fractional integration methods to analyse their impact on the daily S&P500, the US Treasury Bond Index (USTB), the S&P...

Persistent link: https://www.econbiz.de/10012584220

The Covid-19 pandemic, policy responses and stock markets in the G20

Caporale, Guglielmo Maria; Kang, Woo-Young; Spagnolo, Fabio - 2021

This paper analyses the impact of the Covid-19 pandemic on stock market returns and their volatility in the case of the G20 countries. In contrast to the existing empirical literature, which typically focuses only on either Covid-19 deaths or lockdown policies, our analysis is based on a...

Persistent link: https://www.econbiz.de/10012622463

How to finance climate change policies? : evidence from consumers' beliefs

D'Acunto, Francesco; Möhrle, Sascha; Neumeier, Florian; … - 2022

Climate change policies have been rising to the top of the global political agenda, but how should governments finance them? Public economists propose solutions based on economic theory, but their political feasibility depends on voters' support, and ordinary households often neglect economic...

Persistent link: https://www.econbiz.de/10013186775

How did U.S. consumers use their stimulus payments?

Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020

Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or …

Persistent link: https://www.econbiz.de/10012263377