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Do women expect wage cuts for part-time work?
Schrenker, Annekatrin - 2022
I quantify the perceived changes in hourly wage rates associated with working different hours on the same job for a representative sample of female workers. While part-time working women expect significant hourly wage gains from switching to full-time work - 7% on average - full-time workers...
Persistent link: https://www.econbiz.de/10013462652
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Conflict experiences and household expectations on recovery: Survey evidence from northern Uganda
Bozzoli, Carlos; Brück, Tilman; Muhumuza, Tony - 2010
We analyse the role of mass violent conflict in influencing individual expectations. We hypothesise that individuals … are likely to report negative expectations if they were exposed to conflict events in the past. We combine individual and … association between conflict and expectations. Results indicate that conflict intensity is correlated with a decrease in the …
Persistent link: https://www.econbiz.de/10010285753
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Perceptions, expectations, and entrepreneurship: The role of extreme events
Brück, Tilman; Llussá, Fernanda; Tavares, José - 2010
We provide, for the first time, comparative evidence of the impact of various types of extreme events - natural disasters, terrorism, and violent conflicts - on the perceptions of entrepreneurs concerning some key entrepreneurial issues - such as fear of failure in starting a business venture,...
Persistent link: https://www.econbiz.de/10010286046
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A simple model of an oil based global savings glut: the China factor and the OPEC cartel
Belke, Ansgar; Gros, Daniel - 2009
The purpose of this contribution is to illustrate the mechanism by which higher oil prices might lead to lower interest rates in the context of a simple model that takes into account the global external savings equilibrium. The simple model has interesting implications for how one views the huge...
Persistent link: https://www.econbiz.de/10010271127
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Global liquidity, world savings glut and global policy coordination
Belke, Ansgar; Gros, Daniel - 2010
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
Persistent link: https://www.econbiz.de/10010271353
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Unconventional fiscal policy in HANK
Seidl, Hannah; Seyrich, Fabian - 2022
We show that in a New Keynesian model with household heterogeneity, fiscal policy can be a perfect substitute for monetary policy: three simple conditions for consumption taxes, labor taxes, and the government debt level are sufficient to induce the same consumption and labor supply of each...
Persistent link: https://www.econbiz.de/10013339587
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Sovereign bond yield spreads: A time-varying coefficient approach
Bernoth, Kerstin; Erdogan, Burcu - 2010
We study the determinants of sovereign bond yield spreads across 10 EMU countries between Q1/1999 and Q1/2010. We apply a semiparametric time-varying coefficient model to identify, to what extent an observed change in the yield spread is due to a shift in macroeconomic fundamentals or due to...
Persistent link: https://www.econbiz.de/10010285746
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Bad luck or bad decisions? Macroeconomic implications of persistent heterogeneity in cognitive skills and overconfidence
Pfäuti, Oliver; Seyrich, Fabian; Zinman, Jonathan - 2024
Business cycle models often abstract from persistent household heterogeneity, despite its potentially significant implications for macroeconomic fluctuations and policy. We show empirically that the likelihood of being persistently financially constrained decreases with cognitive skills and...
Persistent link: https://www.econbiz.de/10014530295
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Distributional effects of the COVID-19 lockdown
Clemens, Marius; Heinemann, Maik - 2020
A two-sector incomplete markets model with heterogeneous agents can be used to study the distributional effects of the COVID-19 lockdown. While negative aggregate welfare effects of the lockdown are unavoidable, the size of aggregate welfare effects as well as the distribution of the welfare...
Persistent link: https://www.econbiz.de/10012255080
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A behavioral heterogeneous agent New Keynesian model
Pfäuti, Oliver; Seyrich, Fabian - 2022
We develop a New Keynesian model with household heterogeneity and bounded rationality in the form of cognitive discounting. The interaction of household heterogeneity and bounded rationality generates amplification of monetary and fiscal policy through indirect general equilibrium effects while...
Persistent link: https://www.econbiz.de/10013333568