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When is the best time to give birth?
Frühwirth-Schnatter, Sylvia; Pamminger, Christoph; … - 2014
Using Bayesian Markov chain clustering analysis we investigate career paths of Austrian women after their first birth. This data-driven method allows characterizing long-term career paths of mothers over up to 19 years by transitions between parental leave, non-employment and different forms of...
Persistent link: https://www.econbiz.de/10010398779
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Zero lower bound on inflation expectations
Gorodnichenko, Yuriy; Sergeyev, Dmitriy - 2021
We document a new fact: in U.S., European and Japanese surveys, households do not expect deflation, even in environments where persistent deflation is a strong possibility. This fact stands in contrast to the standard macroeconomic models with rational expectations. We extend a standard New...
Persistent link: https://www.econbiz.de/10012698646
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Financial expectations and household consumption : does middle inflation matter?
Brown, Sarah; Harris, Mark N.; Spencer, Christopher; … - 2020
Using British panel data, we explore the finding that households often expect theirÂ…financial position to remain …
Persistent link: https://www.econbiz.de/10012180406
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Expected inflation, sunspots equilibria and persistent unemployment fluctuations
Dufourt, Frédéric; Lloyd-Braga, Teresa; Modesto, Leonor - 2009
We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf bifurcations, country-specific expected inflation shocks can...
Persistent link: https://www.econbiz.de/10003879337
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The effect of unconventional fiscal policy on consumption : new evidence based on transactional data
Koeniger, Winfried; Kress, Peter - 2024
We use novel transaction-level card expenditure data to estimate the effect of the temporary value-added tax (VAT) cut in Germany 2020. We find that the annualized growth rate of expenditures for durables increased by 6 percentage points (pp) during the tax cut, with a particularly strong...
Persistent link: https://www.econbiz.de/10015084082
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International financial integration and Real Exchange Rate long-run dynamics in emerging countries : some panel evidence
Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009
integration ; misalignment ; second-generation panel unit root and cointegration tests …
Persistent link: https://www.econbiz.de/10003816542
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Are unemployment rates in OECD countries stationary? : evidence from univariate and panel unit root tests
Khraief, Naceur; Shahbaz, Muhammad; Heshmati, Almas; … - 2015
rate stationarity for 25 countries. For robustness purpose, we have also used panel unit root tests without and with …
Persistent link: https://www.econbiz.de/10011407928
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Panel unit root tests in the presence of a multifactor error structure
Pesaran, M. Hashem (contributor);  … - 2007
This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a … the maximum number of factors, in contrast to other panel unit root tests based on principal components that require in … addition the estimation of the number of factors as well as the factors themselves. Small sample properties of the proposed …
Persistent link: https://www.econbiz.de/10003652679
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International labour force participation rates by gender : unit root or structural breaks?
Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysıt - 2011
This paper examines the possibility of unit roots in the presence of endogenously determined multiple structural breaks in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the procedure of Gil-Alana (2008) for single structural break...
Persistent link: https://www.econbiz.de/10009516900
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The expected, perceived, and realized inflation of U.S. households before and during the COVID-19 pandemic
Weber, Michael; Gorodnichenko, Yuriy; Coibion, Olivier - 2022
We examine the efficacy of affirmative action at universities whose value depends on peer and alumni networks. We study an elite Brazilian university that adopted race- and income-based affirmative action at a large scale. Using employer-employee data, we show that a key benefit of attending the...
Persistent link: https://www.econbiz.de/10012805824