Narrow search
Showing 1 - 10 of 3,287
Cover Image
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
Cover Image
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/10012266918
Cover Image
Can stimulus checks boost an economy under COVID-19? : evidence from South Korea
Kim, Moon Jung; Lee, Soohyung - 2020
Various countries have implemented transfer programs to individuals since the Covid-19 outbreaks. However, the extent to which such transfers alleviate economic recessions is unclear. This paper analyzes a South Korean program, which provided vouchers redeemable only at small local businesses....
Persistent link: https://www.econbiz.de/10012259485
Cover Image
Stock market returns and consumption
Di Maggio, Marco; Kermani, Amir; Majlesi, Kaveh - 2018
This paper employs Swedish data on households' stock holdings to investigate how consumption responds to changes in … a flat 5 percent for the rest of the distribution. Households' consumption is significantly more responsive to dividend …
Persistent link: https://www.econbiz.de/10011803183
Cover Image
Consumption response to Seoul's COVID-19 shopping coupons: evidence from consumer data
Woo, Seokjin; Aum, Sangmin; Kim, Dohyung; Moon, Heyjin; … - 2021
This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption …. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on …-in-differences method. We find that the program increased consumption by 18% while it was ongoing and by 6% afterward. We find substantial …
Persistent link: https://www.econbiz.de/10012607254
Cover Image
Impacts of COVID-19 on household welfare in Tunisia
Kokas, Deeksha; López Acevedo, Gladys; El Lahga, … - 2020
COVID-19 is likely to have a large impact on the welfare of Tunisian households. First, some individuals might be more vulnerable to contracting the disease because their living conditions or jobs make them more susceptible to meeting others or practicing social distancing. Lack of adequate...
Persistent link: https://www.econbiz.de/10012389785
Cover Image
Fiscal policy, interest rate spreads, and the zero lower bound
Bredemeier, Christian; Jüßen, Falko; Schabert, Andreas - 2015
This paper questions unconventional fiscal policy effects when the monetary policy rate is at the zero lower bound. We provide evidence for the US that the spread between the policy rate and the US-LIBOR, which is more relevant for private sector transactions, increases with government...
Persistent link: https://www.econbiz.de/10010510610
Cover Image
Regional consumption responses and the aggregate fiscal multiplier
Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2022
spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and … local non-durable consumer spending by $0.29 and local auto spending by $0.09. We translate the regional consumption … our incomplete markets model from models with complete markets. At the zero lower bound, the aggregate consumption …
Persistent link: https://www.econbiz.de/10013187650
Cover Image
The effect of unconventional fiscal policy on consumption : new evidence based on transactional data
Koeniger, Winfried; Kress, Peter - 2024
growth rate for semi-durables and non-durables did not change by and large. The estimates imply a consumption multiplier of 0 …
Persistent link: https://www.econbiz.de/10015084082
Cover Image
Less myth, more measurement : decomposing excess returns from the 1989 minimum wage hike
Lin, Carl - 2012
In the book Myth and Measurement, Card and Krueger (1995) examine the economic impact of the 1989 minimum wage hike on the welfare of 110 firms which employ a disproportionate number of minimum-wage workers. Their results show mixed evidence that excess returns associated with news about the...
Persistent link: https://www.econbiz.de/10009528836