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The cost of the COVID-19 crisis : lockdowns, macroeconomic expectations, and consumer spending

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

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/10012212765

Innocent bystanders? : monetary policy and inequality in the US

Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012

We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....

Persistent link: https://www.econbiz.de/10009548662

The subjective inflation expectations of households and firms : measurement, determinants, and implications

Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...

Persistent link: https://www.econbiz.de/10013271201

Consumption inequality and the frequency of purchases

Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2017

We document a decline in the frequency of shopping trips in the U.S. since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e. inventory behavior) will lead to a rise in expenditure...

Persistent link: https://www.econbiz.de/10011704243

How does consumption respond to news about inflation? : field evidence from a randomized control trial

Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2019

We implement a survey of Dutch households in which random subsets of respondents receive information about inflation. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect subsequent monthly consumption decisions relative to those in a...

Persistent link: https://www.econbiz.de/10012056956

The effect of macroeconomic uncertainty on household spending

Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021

Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...

Persistent link: https://www.econbiz.de/10012491975

Keeping up with the Jansens : causal peer effects on household spending, beliefs and happiness

Rooij, Maarten van; Coibion, Olivier; Georgarakos, Dimitris - 2024

-post employment outcomes. Finally, believing that one earns more than peers causally leads to large positive effects on happiness …

Persistent link: https://www.econbiz.de/10014464114

Female labor force participation in Turkey : a synthetic cohort (panel) analysis, 1988-2013

Tunali, İnsan; Kirdar, Murat G.; Dayıoğlu, Meltem - 2019

We study the aggregate labor force participation behavior of women over a 25-year period in Turkey using a synthetic panel approach. In our decomposition of age, year, and cohort effects, we use three APC models that have received close scrutiny of the demography community. We rely on...

Persistent link: https://www.econbiz.de/10012147170

Development level of hosting areas and the impact of refugees on natives' labor market outcomes

Aracı, Doğu Tan; Demircioğlu, Murat; Kirdar, Murat G. - 2021

development level rises. For instance, the negative effects of the refugee shock on employment and labor force participation of … refugees on employment of men is negative for the least developed regions, it is positive for highly developed regions. Our …

Persistent link: https://www.econbiz.de/10012507087

The impact of mass migration of Syrians on the Turkish labor market

Aksu, Ege; Erzan, Refik; Kirdar, Murat G. - 2018

. Despite the massive size of the migrant influx, no adverse effects on the average wages of men or women or on total employment … of men are observed. For women, however, total employment falls - which results mainly from the elimination of part … effects on complementary workers in the formal sector. We estimate about one-to-one replacement in employment for native men …

Persistent link: https://www.econbiz.de/10011959622