Narrow search
Showing 1 - 10 of 2,118
Cover Image
Inflation Expectations and Firm Decisions : New Causal Evidence
Coibion, Olivier - 2019
them to raise their prices, increase their utilization of credit, and reduce their employment. However, when policy rates … are constrained by the effective lower bound, demand effects are stronger, leading firms to raise their prices more and no …
Persistent link: https://www.econbiz.de/10012894535
Cover Image
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/10013236401
Cover Image
Innocent Bystanders? Monetary Policy and Inequality in the U.S
Coibion, Olivier - 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/10013104935
Cover Image
Mortality and the Business Cycle : Evidence from Individual and Aggregated Data
van den Berg, Gerard J. - 2017
There has been much interest recently in the relationship between economic conditions and mortality, with some studies showing that mortality is pro-cyclical whereas others find the opposite. Some suggest that the aggregation level of analysis (e.g. individual vs. regional) matters. We use both...
Persistent link: https://www.econbiz.de/10012955001
Cover Image
How Did U.S. Consumers Use Their Stimulus Payments?
Coibion, Olivier - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012825012
Cover Image
Did the National Minimum Wage Affect UK Prices?
Wadsworth, Jonathan - 2009
wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects … of the introduction and subsequent uprating of the minimum wage on the prices of UK goods and services, comparing the … prices of goods produced by industries in which UK minimum wage workers make up a substantial share of total costs with the …
Persistent link: https://www.econbiz.de/10013155561
Cover Image
The Impact of Labor Market Entry Conditions on Initial Job Assignment, Human Capital Accumulation, and Wages
Brunner, Beatrice - 2010
We estimate the effects of labor market entry conditions on wages for male individuals first entering the Austrian labor market between 1978 and 2000. We find a large negative effect of unfavorable entry conditions on starting wages as well as a sizeable negative long-run effect. Specifically,...
Persistent link: https://www.econbiz.de/10013135184
Cover Image
Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions
Petrosky-Nadeau, Nicolas - 2011
firms and the entry of new products; and ii) the expected dynamics of prices, which alter future profit flows …
Persistent link: https://www.econbiz.de/10013123603
Cover Image
Does Human Capital Protect Workers Against Exogenous Shocks? South Africa in the 2008-2009 Crisis
Leung, Ron - 2014
The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10013070480
Cover Image
To Shape the Future : How Labor Market Entry Conditions Affect Individuals' Long-Run Wage Profiles
Brunner, Beatrice - 2009
We study the long-run effects of initial labor market conditions on wages for a large sample of male individuals entering the Austrian labor market between 1978 and 2000. We find a robust negative effect of unfavorable entry conditions on starting wages. This initial effect turns out to be quite...
Persistent link: https://www.econbiz.de/10013153307