Showing 1 - 10 of 14
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and-through input-output linkages and other general …
Persistent link: https://www.econbiz.de/10010528328
We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on households' consumption expenditures and their perceived...
Persistent link: https://www.econbiz.de/10012668478
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive …
Persistent link: https://www.econbiz.de/10012437870
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/10012231514
We study how different forms of communication influence the inflation expectations of individuals in a randomized controlled trial. We first solicit individuals' inflation expectations in the Nielsen Homescan panel and then provide eight different forms of information regarding inflation....
Persistent link: https://www.econbiz.de/10011958866
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012171775
. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments …
Persistent link: https://www.econbiz.de/10012171803
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014364676
We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are …, participation in the labor force has declined by 7 percentage points, an unparalleled fall that dwarfs the three percentage point … cumulative decline that occurred from 2008 to 2016. Early retirement almost fully explains the drop in labor force participation …
Persistent link: https://www.econbiz.de/10012206097
decline in employment in recent months as well as declines in consumer spending. While lockdowns have pronounced effects on …
Persistent link: https://www.econbiz.de/10012219342