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Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or …
Persistent link: https://www.econbiz.de/10012263377
The number of drugs approved by the FDA for treating cancer has increased substantially during the last 40 years. Moreover, cancer drug innovation has been accelerating: more than 8 times as many new cancer drugs were approved during 2005-2015 as were approved during 1975-1985 (66 vs. 8). During...
Persistent link: https://www.econbiz.de/10011735934
We sort currencies by countries' consumption growth over the past four quarters. Currency portfolios of countries … experiencing consumption booms have higher Sharpe ratios than those of countries going through a consumption-based recession. A … carry strategy that goes short in countries that are in a consumption bust and goes long in countries with a consumption …
Persistent link: https://www.econbiz.de/10009752999
We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …
Persistent link: https://www.econbiz.de/10009786095
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
multipliers above unity if infrastructure spending and rising public debt are financed by consumption, dividend and labour income … taxes and below one for corporate taxes. We also show that except for the consumption tax, the size of the multipliers …
Persistent link: https://www.econbiz.de/10012801569
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
This study leverages the unique opportunities presented by the digitization of economic activity to investigate the impact of Thailand's 'Half and Half' program-a targeted, digital co-pay fiscal stimulus-on SMEs and consumer spending. Utilizing weekly province-level data from LINE MAN Wongnai, a...
Persistent link: https://www.econbiz.de/10014383937
It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...
Persistent link: https://www.econbiz.de/10011587532
This paper extends the benchmark Macro-Finance model by introducing, next to the standard macroeconomic factors, additional liquidity-related and return forecasting factors. Liquidity factors are obtained from a decomposition of the TED spread while the return-forecasting (risk premium) factor...
Persistent link: https://www.econbiz.de/10003937808